1986-14
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THE RETIREMENT PLAN OF THE
CITY OF CLERMONT, FLORIDA
TRUST JOINDER AGREEMENT
THIS AGREEMENT, between the City of Clermont, Florida,
(herein called the. "Employer") , and the Board of Trustees of the
Florida Municipal Pension Trust Fund, (herein called the
Trus tees") :
WIT N E SSE T H
WHEREAS, the Employer desires to provide Retirement
Benefits for the sole and exclusive benefit of its Employees and
Beneficiaries, and for such purposes has adopted an Ordinance on
the 22nd day of April , providing for the terms and
conditions of such Benefits, and
WHEREAS, such Ordinance and the Retirement Plan are
intended to be in compliance with the laws of the state of
Florida, and
WHEREAS, the Employer has adopted a Resolution
authorizing the participation in the Florida Municipal Pension
Trust Fund, (herein called the "Fund"), and further authorizes
the execution of this Agreement, and
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WHEREAS, the Employer has petitioned for and been
accepted by the Trustees as a participating employer in the
Fund,
NOW, THEREFORE, in consideration of the mutual
covenants and agreements flowing to each of the parties hereto,
it is agreed as follows:
1. The Employer shall make contributions based upon
its plan benefit formula and the terms of its
trust into a depository designated by the
Trustees.
2. The Employer shall timely remit administrative
fees as may be from time to time mutually agreed
upon by the parties in writing into a depository
designated by the Trustees.
3. The Employer agrees to provide all initial and
update of all relevant employee information
including but not limited to birthdates, years of
service, covered compensation and appropriate
addresses to the Professional Administrator
designated by the Trustees. The Employer shall
certify said information to be correct to the best
of their knowledge and the Trustees shall have the
right to rely on the accuracy of said information
in performing its contractual responsibilities.
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4. The Employer has a responsibility to provide to
the Professional Administrator designated by the
Trustees, in a timely manner, all information
concerning employee termination including but not
limited to date and reason for termination (e.g.
death, disability, retirement, resignation or
dismissal). If the reason for termination is
disability and the employee is claiming disability
benefits, it shall be the sole responsibility of
the Employer to ascertain eligibility through the
procedures enumerated in their pension plan. The
Employer shall certify that the information
required to be provided in this Section is true
and correct and the Trustees shall have the right
to rely on the accuracy of said information in
performing its contractual responsibilities.
5. Both parties to this Agreement agree to abide by
the terms, duties, rights and obligations of all
parties which are set forth in the Master Trust
Agreement of the Florida Municipal Pension Trust
Fund, referenced herein and a copy attached
hereto.
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6. Either party may terminate this Agreement by
giving 120 days notice in writing to the other
party. Upon termination the funds held by the
Trust for the Employer shall be returned to the
Employer based upon the accumulated share of the
Employer as determined by the last valuation date
prior to termination.
IN WITNESS WHEREOF, the Employer has caused its Seal
and the signatures of its authorized officers to affixed
this 22nd day of
April
, 1986.
CITY OF CLERMONT, FLORIDA
Employer
By:
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Mayor
(Title)
ATTEST:
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Florida Municipal Pension Trust Fund
(Trustees)
By:
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(Title)