[HISTORY: Adopted by the Town Council of the Town of Zolfo Springs as indicated in article histories. Amendments noted where applicable.]
[Adopted 9-11-2000 by Ord. No. 2000-07]
A retirement plan and trust for the employees of the Town of Zolfo Springs is hereby established, effective October 1, 1999. The instrument which represents the terms of said plan and trust will be and remain an exhibit to this chapter, remanded to the custody of the Town of Zolfo Springs representative who will maintain such for public inspection. (Note: The Trust Joinder Agreement, Defined Contribution Adoption Agreement, Plan Document and Master Trust Agreement should be combined as exhibits attached to this chapter.)
Editor's Note: Said exhibits are on file in the Town offices, where they may be examined during regular business hours.
The Town Council of the Town of Zolfo Springs shall have the power to amend said plan and trust at such time or times as considered in the best interest of the agency and its employees.
The Town Council of the Town of Zolfo Springs hereby expressly authorizes the participation of said plan and trust in the Florida Municipal Pension Trust Fund and hereby authorizes the administration of said plan and trust, and the investment of funds of said plan and trust, within the procedures, policies and methods outlined in the Florida Municipal Pension Trust Fund Master Trust Agreement.
The Town Council of the Town of Zolfo Springs hereby empowers the Mayor of the Town with the authority to execute such documents and agreements as are required for participation in the Florida Municipal Pension Trust Fund.
This article shall remain in full force and effect until supplemented, amended, repealed or otherwise altered.