9278-19ORDINANCE NO. 9278-19
AN ORDINANCE OF THE CITY OF CLEARWATER,
FLORIDA, RELATING TO THE CITY OF CLEARWATER
POLICE OFFICERS' SUPPLEMENTARY PENSION TRUST
FUND; FURTHER AMENDING CHAPTER 2,
ADMINISTRATION; ARTICLE V, EMPLOYEE BENEFITS;
DIVISION 5, POLICE OFFICERS' PENSION PLAN;
SUBDIVISION II, SUPPLEMENTARY PENSION AND
RETIREMENT PLAN, AS SUBSEQUENTLY AMENDED;
AMENDING SECTION 2.480.2, MISCELLANEOUS
PROVISIONS; PROVIDING AN EFFECTIVE DATE.
WHEREAS, the City's outside pension counsel has determined that a recent IRS
Programs Compliance Memorandum requires the Clearwater Police Officers
Supplementary Pension and Retirement Plan to have an approved method of locating
terminated individuals who are due benefits from the plan;
NOW THEREFORE, BE IT ORDAINED BY THE CITY
COUNCIL OF THE CITY OF CLEARWATER, FLORIDA;
Section 1: Section 2.480.2, Clearwater Code of Ordinances is hereby amended
to read as follows:
Sec. 2.480.2. - Miscellaneous Provisions.
(g) Missing benefit recipients. The system shall follow the procedures outlined
in the IRS Employee Plans Compliance Resolution System (EPCRS) Program and other
applicable IRS guidance to locate any missing individuals to whom a full unreduced
benefit payment is due and if, at the conclusion of such efforts, the individual cannot be
located, the existing procedure of cancelling payments otherwise due (provided that, if
the individual is later located, the benefits due shall be paid) will apply.
Section 2: This ordinance shall take effect immediately upon adoption.
PASSED ON FIRST READING
PASSED ON SECOND AND FINAL
READING AND ADOPTED
Appri ved
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Assistant Cit Attorney
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MAY 1 6 2019
JUN 052019
Gteist(Cr\cr t\ or
George N. Cretekos
Mayor
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Rosemarie Call
City Clerk
Ordinance No. 9278-19