9297-19ORDINANCE NO. 9297-19
AN ORDINANCE OF THE CITY OF CLEARWATER,
FLORIDA, RELATING TO THE CITY OF CLEARWATER
FIREFIGHTERS SUPPLEMENTAL TRUST FUND;
AMENDING THE CLEARWATER CODE OF ORDINANCES,
CHAPTER 2, ADMINISTRATION, ARTICLE V, DIVISION 4,
FIREFIGHTERS PENSION PLANS, SUBDIVISION III,
SUPPLEMENTARY PENSION AND RETIREMENT PLAN;
AMENDING SECTION 2.453, 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 Firefighters
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 2.453, Clearwater Code of Ordinances is hereby amended to
read as follows:
Sec. 2.453. - 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.
Ap
Section 2: This Ordinance shall take effect immediately upon adoption.
JUN 2 0 2019
PASSED ON FIRST READING
PASSED ON SECOND AND FINAL
READING AND ADOPTED
as to form:
a hew Sm'
Assistant Cit ttorney
JUL 1 8 2019
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George N. Cretekos
Mayor
Attest:
Rosemarie Call
City Clerk
Ordinance No. 9297-19