2001-28
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TRUST JOINDER AGREEMENT
FOR DEFINED CONTRIBUTION PLANS UNDER
FLORIDA MUNICIPAL PENSION TRUST FUND
MASTER TRUST AGREEMENT
THIS TRUST JOINDER AGREEMENT, between City of Clennont, Florida (herein
referred to as the "Participating Employer") and the Master Trustees of the Florida Municipal
Pension Trust Fund (herein referred to as the "Master Trustee").
WITNESSETH:
WHEREAS, the Participating Employer desires to provide a defined contribution plan
for the sole and exclusive benefit of its Participating Employees and their Beneficiaries, and for
such purposes adopted Ordinance No. 315-C on the 23rd day of October, 2001 providing for the
establishment of a defined contribution plan;
WHEREAS, said Resolution authorizes participation in the Florida Municipal Pension
Trust Fund ("FMPTF") and further authorizes the execution of this Trust Joinder Agreement to
become a party to the FMPTF Master Trust Agreement; and
WHEREAS, the Participating Employer desires to submit this Trust Joinder Agreement
to the Master Trustee to become a party to the FMPTF Master Trust Agreement;
THEREFORE, in consideration of the mutual covenants and agreements flowing to each
of the parties hereto, it is agreed as follows:
I. Both parties to this Trust Joinder Agreement agree that the City of Clennont, Florida
is a Participating Employer as provided in the Florida Municipal Pension Trust Fund
Master Trust Agreement ("Master Trust Agreement").
2. As provided in the plan provisions selected by the Participating Employer, the
Participating Employer shall make timely contributions or shall timely forward
contributions made by Participating Employees for the defined contribution plan.
3. As provided in the plan provisiòns. selected by the Participating Employer, the
Participating Employer shall timely remit or timely approve the remittance of
administrative fees as may be due under the defined contribution plan.
4. The Participating Employer agrees to provide all initial and update all relevant
Participating Employee infonnation required under the defined contribution plan to
the Administrator designated by the Master Trustee. The Participating Employer
shall certify said infonnation to be correct to the best of its knowledge and the Master
Trustee and the Administrator shall have the right to rely on the accuracy of said
infonnation in perfonning contractual responsibilities.
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S. The Participating Employer has the responsibility to provide the Administrator
designated by the Master Trustee, in a timely manner, all infonnation concerning
Participating Employee tennination. The Participating Employer shall certify said
infonnation to be correct to the best of its knowledge and the Master Trustee and the
Administrator shall have the right to rely on the accuracy of said infonnation in
perfonning contractual responsibilities.
6. The parties to this Trust Joinder Agreement agree to abide by and be bound by the
tenns, dÜties, rights and obligations of the parties as set forth in the Florida Municipal
Pension Trust Fund Master Trust Agreement, as may be amended by the Master
Trustees, which is attached hereto and is made a part of this Trust Joinder Agreement.
7. Either party may tenninate this Trust Joinder Agreement by giving at least 60 days
notice in writing to the other party. Any tennination shall be governed by the
provisions of the Florida Municipal Pension Trust Fund Master Trust Agreement and
the plan document for the defined contribution plan.
IN WITNESS WHEREOF, the Participating Employer has caused this Trust Joinder
Agreement to be executed and the signature of its authorized officer affixed this 23th day of
October, 2001.
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CITY OF CLERMONT
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BY:"
Haro d S. Turville, Jr. Mayor
ATTEST:
Q;~rk
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