Resolution 87-12-22-87-01
RESOLUTION NO. 87-12-22-87-1
RESOLUTION OF THE CITY OF WYLIE TO PROVIDE AND
ESTABLISH A DEFERRED COMPENSATION PLAN THROUGH
ICMA FOR ALL CITY EMPLOYEES
WHEREAS, the City of Wylie has employees rendering valuable
services; and
WHEREAS, the establishment of a deferred compensation plan
for such employees will serve the interests of the
City of Wylie by enabling it to provide reasonable
retirement security for its employees, by
providing increased flexibility in its personnel
management system, and by assisting in the
attraction and retention of competent personnel;
and
WHEREAS, the City of Wylie has determined that the
establishment of a deferred compensation plan to
be administered by ICMA Retirement Corporation
will serve the above objectives, and
WHEREAS, the City of Wylie desires that the investment of
funds held under its deferred compensation plan be
administered by the ICMA Retirement Corporation,
as Trustee, with the understanding that such funds
will be held by the ICMA Retirement Trust, a trust
established by public employers for the purpose of
representing the interests of such employers with
respect to the collective investment of funds held
under their deferred compensation plans:
NOW THEREFORE BE IT RESOLVED THAT THE CITY OF WYLIE adopts
the deferred compensation plan, attached hereto as
Appendix A, and appoints the ICMA Retirement
Corporation to serve as Administrator thereunder;
and
BE IT FURTHER RESOLVED THAT THE CITY OF WYLIE hereby
executes the ICMA Retirement Trust, attached
hereto as Appendix B; and
BE IT FURTHER RESOLVED THAT THE CITY OF WYLIE hereby adopts
the trust agreement, attached hereto as Appendix
C, and appoints the ICMA Retirement Corporation as
Trustee thereunder, and directs the ICMA
Retirement Corporation, as Trustee, to invest all
funds held under the deferred compensation plan
through the ICMA Retirement Trust as soon as is
practicable; and
BE IT FURTHER RESOLVED THAT THE CITY OF WYLIE shall be the
coordinator for this program and shall receive
necessary reports, notices, etc. from the ICMA
Retirement Corporation as Administrator, and shall
cast, on behalf of the City of Wylie, any required
votes under the program. Administrative duties to
carry out the plan may be assigned to the
appropriate departments.
DULY PASSED BY THE CITY COUNCIL OF THE CITY OF WYLIE ON THIS
THE 22 DAY OF DECEMBER, 1987. ~~
~{~. Mayor
/I~
/
l/ ,"
L:tl/."
Carol
ATTEST:
APPENDIX A
f'EMPLOYER'')
DEFERRED COMPENSATION PLAN
ARTICLE L INTRODUCnON
1he ~r..q~.. ~ ~eo..~....,.PIIn.
heI~*", ......, ID. fie .,..-n. PIIn carlIiIII d.. poIIianI... bIl
in"~
The pnron.y ~ d Ilia ~ .ID PftMde .......... income n __
.... benIIIIlD" ~..dhl ~ in accoIdIIII~..... po.
... d Idon 4SI d.. HImII ~ Code d 1154. . 1II*id14
_~""beln~ tdt1ktbllween.. ~ n~
ing Er.4lIJ:.,"
AR11CLI L DEFKnOIIS
IecIIon 2.It AIlClJUIlII: .... bocl~ -I1P.1g eccourt "* ..led tar -=:It Pw.
IciJIIrt ~.. ~ ImOlM1I d.. ~ ~ Com-
... utioI.. incldng .., Income. geir-. Ioaes. Of i ~..... Of die:> I I' If in
...... ... IIIrbAabIe ID .. ~ inl.estmett d .. ~
o.n.d QlI,~ ....., ntdllr NIlIecIng IW\' ~ ID" PlWIciperC
or" ~ BIIl111c::*y n IW\'''' or ~_ dwgId 8gIiNII1Ldt
~ ~C<l......__..
Iec:tIon t.I2 MnInIIIrator: The perICln fit persona rwned 1DrMf'/ ~ c*.
IIin nor4IcItIol..'1"."'ln:ionI under.. PIIn. . ......
dMoIiled. 1tle ~ ....1II'IlCM -V peqon . Aanil..... upon eo
*:It erMnce ndice in Mting ID ILdt perD\ In which cae.. ~
... '*'Ie ~ pnan Of C*1Of1IID c. Altnio_4IIOL 1tle Actninit-
~ may .,. upon eo ". 8IMnce nclIicI in writing ID .. ~
in wtlich c:ate .. EmpIo,1er .".. rwne analher person Of peI'IOnIlD C .
Mn;.....
IecIIon 1.0I1enef1da1y: 1tle person fit personI desigl.-d ~ .. ,..
~ in fiI JDindIr ,tgeIrnert who... .... ~ bInIlIs ~ here-
.... In" .... d.. ~ ......
IecIon 1.04 DefMH ~~_1Ion; 1tle.nourc ClI NonnIf c.an.-..
lonohwwllll~ID"~whil:f\"~n"~
......, __ " dIIIr ,..".. 81\' IftlOl.ft CI.-.cIID . ~
A:counI ~ ~ d......... SIc:IionI03. Of IW\' ae..nourc wtlich
tie ~ agrlMlIlD crd ID. ~ Accourt.
SectIon US ....~ ~ ....... who pIOlIide& .w:. fer ..
~ ........,......d..~fIt.lni__...CGfto
... ... who.. bien ~lIIId ~.. ~ .1IigitlII1D perIici-
... In .. .....
..... "IF ctu -. c.. J. 1I-1~ ........ af In e...... ,WIll ClDIW-
...lIIIIQfl..... ~fer......,...... ......ID.....
~....cfb'..~ ......incldtitln..&IIP-"'..~......
........... ,..blldlqfft:lanle_ ~ 1IdI"~IlClI""
......... ~- ...-IN::ome...-llia,.., or..__,-
.. .otlIJd1n Idon ~af.....,...... CedI. .........o.f.
... tIam.- iIlcame "'* IKtOft CDltiI af.. ....,., .... CedI.
........... .o.--.IIDm.-1ncarne 1Dr...., iIlcame.......
,..... 1rQdbIlt CO.....-......... be ~r. Iftli.-d......llIQIId to ..
~....,. .....
IectIon 2.11 JDInder AgtMment: Art ~ enIInld no beItween In
~ and.. ~ including arv IITleIIdmere fit ~*"
"-c:I. !ldt 19I'NII1IIt.... 1&...,.... d~ Compe....... ~
Iprl't*aamong"-- J....._Nl_deI9l1111d~hI~
~.. hi ~ ..~, or ~ n ilCOlpo._"
IIImlI. CGIIdIof~ ... ~lIaf hi PIIn ~ ...lC&
IecIon l.II......1:I ,............ acut d COl..p..~ .1Iltlicf\
... be PIIIIlIt to . ...-~ \).rlllr .. ~ tar . ... ~ . no
JaindIr ~ _ In .... .. dIIIr COftIip.o....... war Ilia fIlM.
IecIIon 2.01........... .ent Age: . _ ..... "- PwticipatC..
..... In...... NonntI n.&_...... . ~ ....., Nrunwa.....
ID" M...... prior to $lJ*1Icln IIIorn SeMca A ~R NormIf
......".,.. ...."'. M" .....1rN 1lIflen benIIiII.... ccmTleIlCe
undIr .. PIIn........ Partic:iperC ~ ~ ... NormIf
RIiIitemerc... 8nd lilt.. period cbing ~. PatticipanI may" hi
~ ftIIIon dSeclian 5.02 hereundet Ora . ~ '-ID arv
..... .... CIIIl:h-\c) ~ d Section 502. hit NorrM ReMmert
IfJemer flClt be ~
A ~...".. Ncrmaf ReIW...... J.ge!'My nat be __ '*'..
.... dill fill tit ~ .. becane tigitJle tl> ... n ....
~r._.....tlnIIIlnfIr..~baic~PM~.
Ing hi ~ nllllr nat be.... h1n"- d81e.. ~...
age 7n "~~~"'atraining age _ nat.....
Ing ~ tIectad In""'" NonnaI Aetir8mert .tol the PIrticipern
eIterNde NormII ,...".. J.ge IhaI nat be taler I'lan the "* ~, ...
menI age. .q IIIItliItIed ~ the ~ or 1he . at which the Par.
Ic:ipIrt ~ IIJ*IIIIlS tam ..w:.... ~... no matdIIory....
mere age. ... F'artc:ic:*t .. nat becclme efigibIe tl> ~ beneIils under
I belie ...~ PM mejrllailed ~ hi ~ lie Partidpert's"""'"
NormII AlIi.,......,,,., nCll be.., flan -.;,...,. d age 55 n "'It'
flClt be .... hn "- ...._t d age lO.
IecIIon I. tt ....1kIpMt Ant ~ who,. joined f'le Plan puIIUWII
1D"~dAddeN
IecIIon I. tt .... 'Mr: 1he c.Iender ~
IKtIon I. tl ..~ 1he.... dill upon which boItl d.. foIcMing
... ~ 0l:llUreCI 'IIiII-.ped to. ~ Sepntion ~ SeMce Ind
.... ...... d age .
.... loti "'111." .... ....,..: s.....a d lie Ji'arIcipIIfi
~"'''~tIIIlictI~. ~fIam~
.......... af.... _..c W tit af hi 1rIIrNII..... Coda
1ft .... I ,..... ... t....., ID ... ..., .. .........
... hI~b""'d,* Plan..... inlDCClldlla.....~
1IMd...... af.. ........ .......... rl.I~: 1Ihip. OOI~
. e..1CIuJJIr ....~ 1ft.. CMe af. ~4 wtlo iI 1ft ~
.... CO*ICb ".. ~ ",*1IIol. .... ...... .... be dMmecS
1D"'ca:unW~"~6""urdlr1llllidt ___.....
fJlImed .. ~ . I)"'" and ......-.cs. ... ilno b II J T T~ ....
1IIIIr'" .. ~ .. ..... CllII'ftCt Of'" no. .. cor-.s
tit hi ~.... end...... el~.....~..
Iilacl:lMf 1ft ~ afe. [~
:'<~;~.;.~: ~,<: ' .
I';"
;'..,~~-
, ~.-)oc'
, ~:\j: tifA~'"W:~;'J:::'~~.
.t.
~
.1
":..... .--- --..-~....- ~ -......-
.umcu.. ~1IITJW1ON
IedIon '.01 DulIn of ~r: The ~ ... ,.. lie dlCrity
........ dIcMIioI.J ~ 8IIIding tle rV'*a benIIIId ~
1Ilflich nr be ,.p.d in tie ectniI_odian d .. fIlM.
IedIon J.Q2 DulIn of AdmInIatIator: The 1drrW.... . egert a"
~ tNI pelbm noIdIc4t11iOllal)' .m.;.~... ~ in COMIC>
Ian wiI\ .. JIIen. IncIucIng .. INintenan::e d ~ 1c:ICour'tI. ..
poIiIian d periodc ~ on lhellatuS d -=" Ac:ccut and.. ~
... d ~ on beNIf d.. ~ in 8OCXlIdM::e wiI\" pn:MIionI
" .. PIIn.
ARTICLIIV. MR"I1CNl1ON .. THE PLAN
SectIon C.o1In11111 PwtIcIpetIon: All ~ rNr bec:cIme.~
I:Ir enIIring ....IDinc* AQf~ prior to tie ~.';'lg d" ~
.....tn lIHctI.. Joinder ~ it to bec:omI tIIIdNe ID d* CIClm-
pIIIlMiclI. naI W'l ~
SectIon C.Ga AmendmenI of .IoInder ..menI; A Pwtc::ipeIt nr
.,... an ~ Joinder Agreemer& to dlange IleImOUrt d ccmpeI"
tan naI W'l earned wNch . to be ~ (IncUing" -*don d u:h
....dIIIrrIIIlD.q a IDcNnge his ~ ~a (Uilct1D adl
",(;101.. . ftlIW ... tn:lm .. ...... 01 tIrmI d ." im ...,... mlIda
1:Ir" Empqer).!kICh amel4nwt IhaI become ~ . d.. begin-
ling d.. ~ monh ClOAVII8IDlg'" .. dIII"lmIIlltnart.
~.. A ~. ,.., .. q Ime IIIW'd his JaindIr ~ ID
~.. ~ s.'*'-Y- --.:I1UCft M........ becclIne tIIIc>
... ~n).
M1'ICI.E Y. UIIITA'I1ONS 01 DEFERRALS
IecIIoft 1.e1 ....... UmII8tIon: EJCePI. ~ in Sec:Iion S02. ..
....... ....... d D*I'ed eo..lpeI ution a an, PwIiCpett a an,...
lilt "/WI thII naI eceed.. ..... d $7.soo.oo a s:M peanI d.. Pw-
~ IrQdbIt Ccln,,*.saIioI. b tle tIP8tIe ~ nil ~ wi ordrw-
iIf be ~ to tie lesser d $7.soooo 01 25 pearC d the PaI1icipart'I
NarmII ~1IIIior..
..... 1.02 c.tch-Up IJmItetlon: For -=" d Ile ... 1hree (3) .....
.... d. ParIcipanI erdng beIore hisllllaiMlelt d NormII Retiltmeft 9-
.. maldrn&I'ft amounI d 08ferred Cornperulion IhII be .. ..... at.
(It S15.000 01 C2) .. ..",.. d (i) tie NonnaI UmbIion a...... ~ and
tit.. porfion oI1he NonNII UnIItion b -=" d.. prior'" ~ d
.. ~ ClQI'Ilm8IlCillg...1878 clJring wtdl.. PlM we in.-..nc..
Clllft'lpeIIUIIion ~ any) defemld under tie plan we aItl;Id to" ~.MclI.
... btl in I8dion 5.01. 8tld 1he PaJtc:ipatt .. eigibIlIto pMicipIM in ..
PWl (01 in an, Cllher plan estatilltled under -=tion 61 d the ~ ,...
ftUI Code ~ an ~ wIhin... ..,. StIle. Ile ~ in-=-
d .. wnourc d 0etiImJd ~1IlIIion b .at adI prior ..... "/WI
frQdng ~ dIIen8d under IUCh cfler s:8't- Far IUJlClI8S d hi Sedicn
502. . ~ IrduditJIe CClmpel UIion b"cunerc 1alCIbII "/WIINI
be deemed to ..... an, D*1ed Ccrr,,* UiClI. aile tuabIIt 'fWI in__
".. ....... pemiIIed under ... NonnII UniIIion. 8tld .. ~
Irdd:IIe Con~ .-0.. b et'f prior IIlcabIe 'fWI "., be deemed 1D.adI
" wnourc .. couIcI ... been cWIrred under Ile Nom1II UniIIIIion b
IUCft prior tIxatlII )eel
IectIon I.03Iec:t1on 403(b) AnnuftIM: For ~ d Sedicn 5.01_
502. ~ ~~.. Empqer on bINI d.~ b..
....,.. _ 8ft ~ corUed ~jbed in -*" <<l3Cbt d" ....."..
......Code INI be II.-cf .11UCh ImllUnIccnIiUIld o.n.d Com-
pllllIIIofl "'* .. ,..., tar .. .... '/WI in wtidI .. eot*iUian -
-.il1ftd........ .... ..1nPimuIft ........ JIIIW be ~
tIr -=" ..... )eel
AIII1CLa VI. INYDTMEJC1S AND MX:OUNT -.uEI
.... 1.11 l1li"........ fJI 0...... Ca III I J - a L.: ".......-
M ~~Con~MklI.""tw..~~..pll:Ipo
_1rld'W*~~ u:fl ~"'''iIcaIIIe~tleI&
.... be.. .. ~ d.. ~ and *' ... be tlIIId i1111UJ11Dr
.....~OI.CllIIIIMf-=urilrb..____d..~~
........ .... .. PftlI*tr lhllbe UilClto lie dIimI d gINIIII
~ d.. ~..s no~ 0I81llllcill, IhII t-..an,1.-d
..... 01 ~ 01 pItIIIned JIC*lion will MIpId to IUCft praperty 01'"
~ c:IIIim ageiIWl .. E~ ecept . . ~ CI1lCIIlx
~ 1.02 CNdIUng of AalounIa: The ~ 1ct:oJtC INI NIIect
fie ~ and V8Iue d .. ~ 01 Cllher property otlCIined ~ ..
~ 1tlIaqI.... irMSmerC d 1he Pwtic:ipett\ Oefemld Corr~UIiOl..
. . anJicipeIed'" tie ~ irMItmera wiIh !aped to. ~
wi conform to" inIeIImelt .....lCe II*iIed in .. PatticipwC\ Joirw,1er
~ tu naltling hnin INI be ccntrued to ~ tie ~ to
mile ant pertiQMr.........".. d .~ o.n.d ~"'L Eactl
Pwticipert ftll8C:eiI4 peric:dc lIIpOItI. nd ... hcplntf.., ~ Iflaw.
Ing .. ~ ... _ hie AccourL
SectIon ..n ~ A..... be ICCIPId tram an tIigtiI....
cWerred ClOlnpenllliOh pIen fNiI..,l8d br enalhIr ~ and CI.-.d
... ~ Accaurt UNIIr fie .... The ~ I'NIy requite IUCh
~ tram.. pr.tdt.:...,. plan . . deIma neceswy to ifill:.>>
lie .... .,.,. to CClI'6m .. IUCh plan . ar. eigitIe sa. d*1Wd CIClm-
penuIan planwltintle ~dlldion~ d..1raemII ~Cod&
8tld ID assure hi......... poridId b UNIIrIUCh plan. Ant 1UCfI....
IIn.:1 ~ ...... nor be ......., . . dIIInW aIbjec:l to 1he ImUJioIII d
McIe V. a:epI thII. b ~ _ ~.. hiIatiol. d Section 5.01
.., 502. an wnourc d*.s during .".... '/WI under .. plan flan
whir::tl......... ~.... be..-..d .,. hid been dIIIrNd under
Ilia PIa'l during IUCft ..... '/WI and ~ IUIion peid ~ .. ...-.or
~ IhII be...,. " Nd bean'" br" ~
IecIon .... EnIpI~ UIIIIIIr: In no ....1hII.. ~ ~
toper bINIII... ~"* AIIdI\4 ...s.....d...,....
c:r.-edto "Pl.lil.it-'ftkcourC;" ~ IhII nd be.... b!l.-
INing kin ~. OIIMNgaIn.. __ d an, n."'" acquilId
under '* ....
ARTICLE VI. 8ENEFITI
s.ctIon 7.01 Reu..ment &enellta end ElectIon Oft Separation from
ServIce: Ec:ep. ctt-. wile prOIided in this Miele VI. the dItritUion d
. PatIicipenI'I Jccourt INI COIMlelIClt cUing fie -=ond calender rIlORh
.....1he doae d.. Plan 'tiler d.. FIri:;iperC'a ~ and.. ~
bIAon d IUCft ~ 6enIItI1hII be made in ICCClrdance wII'I en _
.. ~ optiona deec.1led in SICIon 1.02. Nat......ncIng .. tcr.gc>
lng, tie PatIicipert 1M)' ~ eIec:t wINn eo ct.yI fDIowing ~
flan s.Yice to..... dIIIritl&Mln _ benIIII con...enc;e on. dIIIt ClIMr
... ttI&t de!Clibed in .. pec:ec:illg WJIenCe wtdl . atleall eo ct.yIaIIf
.,. d8Ie IUCft -.c:Iion . deMrtld in wrIing to .. Empb;et and tcnlerded
to.. AImi.... tu nd .... .., eo days .... .,. doae d the Plan ...,.
d.. PerIiciperA ~ d Norm8J ~.tGe or SeperaIion tram
SeMcc. whc:hewer . ~
SKtIon 7.G2 '-rmenI Opaone: ". ptMdea in Sections 7D1 and 7D5. .
PI/tic::iI:let' may lied to .... .. ... d his Accourt cIstribIAed in accor.
dIta wIh en oI..1oIcMing ~ opCionI. pOIIided 1hat IUd'I apion
. CO! ilia II wIh... iIrMcn... btIln SIc:tion 7J)3;
~ &pi ~ ~...,..,.... 01..... ~ inanlf\'lClUlt
c:t.-n ~ .. ~ c:cr*lUing urd his Acc:ourc . echeuIIId;
(b) One ~ UIl ~
~ ~~~~.~OIatnl1l~
eeloo ~ .. cxninue a . period otaan ~ .. P8r1icipert;
M ~eQUllto~....~" ___. ....,.......,
paq .:::quired ~ .. ~.
fit Ant oJtw ~ ~ 1IIcIId~" ~ and IIgI.ed to ~
..~
A ~ **" _........ opIian..... be mlIda at .... 30 ~
....... pe,merc _..... ... ClOIIlIIMl ICe. . . ~ ....ID n..-
.1nWIy .... _ . ...... apIIol\ ..... IhII be peid rnore..- under
opIian t::t IblM . . pedod -.. ~
IecIon 7.a II -~ew. _ ~J ne: No pewmera ..,., ~ be .....,
tw.. 1\1-' ,.... UNlIt SIcIon JIII2........ ~ \11M d"~
ID" ~ dIlIIfmiIlIId. _.. dill.... ClDI1'IfII8IICe. ..... 50
...... _ .. ... _ .. ~ Accaura . _ .. .. ....
,
/9
OOI1'aftlllCll "-C __ dllerrn;,8iOI. under tliI Sedion IhII be lNde
by lie Al:tnio dII.. in IIClCClI'd8nce wiltt lie ecpec:IIld ..un mUIipIeI.. ~
~ -*in 1.72-1 d.... ~ Income'" ~ (or q 1l'ClOllaOf po
wiIicn II) u:h ~~
IecIIon 7.... ~ DuItl......tk S10lAd tie ~ cIe
... he.. ~ II) ...... benIIII under . peymert opcion.lIe """'';'IQ
~ . .... under .... pewmert opIion IhII be peyabIe 10 lie PIftic:j.
~. penta SenIIc:iary CClITlIfIej lCiIlg ... lie 3l).dey period ClOIMleo lCiIlQ wiIh
.."... lAIr .. ~ deIIlI\ .... .. ....M!lIc*y ** PIr'
... under..... ~qlIcn wtil3D dIl'/S d.. ~... dell\.
.. no ...1hII.. ~ or MN..... be IIbIa 10 .. ....1IIc*~
fDr.. ~ d.. permerlI.... in" rwne d.. ~'t beIore
.. AdnW.... ..... pool d .. d.. ~Il NalwItlII8IdllO
.. b.pao. ~ 10. ....lllIc*.,............ ~. period longer
... . .. ........ (t .. ecpec;tIIltY . .. ......~ .... PIr1ic:ip.O
.... or tltlllen(l5) ~ ,.. ....., ....... PaIticiprf'I tip(UI.
. no ....lIIdwyil des9l111ed in" Joinder ~ or'" del91111ld
8el1lldlry do.- ...1UNhIe .. ~ fDr . period d Mllen (15) ...
'*' IleClClft'mAlld ~ d If\' """';'IQ~ '"*.. pIIWl'IlIft opian
... be.iIl. ~ un 11)....... d.. p~~ ... dIsigI-.d
III..., a.nMI" v.~. fDr. period dlllen (1st --. W do.-
naI CIClt*'ue 10" fDr.. "'*'.10 period d ~ under.. ~
~. modIed.' NC IIII ,. iD00l6:lo.~ MIl.. '*" --.:e d iii
-*'to '*' lie CCII'mUlld..... d If\' ~ PIWC'.- under.. PIr'
... QIlIDn.... be pIid in . ... un ID.. _ d .. .........~
IectIoa 7.. ............... Dual..... IhcUd lie ,.~ cIe
....he..~IO...... .....~brSedian 7DI."..
d.. ~ 1clcourt..... be ~ 11)" 8ene6c:iary OOl,.._lCiI",
..........., period com.._lCiIlQ on" 11II.. ..... ~O
dIIIh. ..... .. ....18Iiciaty .... . ..... benIII CClI'IW1IeiIlC*fMf d*
witin tw 10 _ d .... ~ dMIL Such beneliIs ..... be . in
IIPP~ equal.... instahenII ~.... ~ or 0l4f u:h IhortIr
period . mIW be necessary 10 .... hi "1InCUrt d q ...... ......
... it naI_ twn S3.5OO. ur-.1Ie 8ene11ici1ry..... diIIererC ~
opIon wti\ 10 _ d.. ~ dNII.. ......ldIrIQ.......
. benIIIa PIid 11). &en.IcieI, '"*.. Sedion.... co...._1I>> no__
hri.. 11II*1..... ~ de8Ih and no'" INn eo _...
..... dhdole dthe PIan...in -'*:hh ~ ~ or.cUd
...1IIiIinId Normal ~ Ive or" (be d.. Plan ... ~ wtich
.. PaI1ic:ipert Ilpel'IIled fIom...... A ........, who may eIecS. PIr'
... 0I*n ...... II) .. PftWiOI. d lie ~Ig tenIInCe IhII be
-.....cs . I he ..,. . Par1icipent fat purpoees d deIllm1iIillg lie peymert
ClIpIl:n ...... under Sedion 7.D2; pQIided. hl:MiIJ<< hi .. .-,mIlt qlIion
daIn by.. ....leIc:iarY IftUIl P'OlIidt fat ~ 10 IN BeI__, ~
. period no IclngIr twI.. .. epedallCy d.. BeneIic:iary I tie 8enelici-
.., it.. "~ft 8PO'* and mull prtMde fat ~ ~ . period
naI in __ dllleln ~ )18IfS'1Ie ......t...... ~""1pCU&
IedJoft 7... UnfDretftable EJMIIIIIdM; In..... an UI'fowe T T':N
etneIgellCy 0CCUfI. . ~ mIW IAlfy II) tie EmPoJer 10 teCIM till
'*' d.. ..... d hiI ax:oUrlhlt it -.11 ~,~ needed ID utiIfy lie .....-
QIl'q'need.Iu:han~,it~bylle~ 1Ie~.
ifili be . oily IUCfIIInCUrt . .. ~ dwI-. necessary 10 IftlMII
.. .....,..q. ..... till ~ ..... ... be .... 10 .. ..... hit ..
........ mew be ...., tlIclL9' r 11 !t'r ,.d dIIIIInII under.. PIIn.
......or.. ~ orlql~d__ _ID......
a.cfllql~""", ....c:8l*.....~'-dlhp. An~ ..1
... IIUIgIIllCr ... tie -.-s ID ftIahe en, ~... d ...
InIrciII hardIhip to lie ~ ....ana from . aIdden and ~tId
.... -=ddet'C 01 cisabily dIN PlIrtic:iperc 01 d . depetlClert (as dIInad in
Idon 1S2{a) dlle ...... ~ Code) d tw PMicipart. Iou dlle PIt.
Icic*C'I popelty ~CMuIIIy. or OCher limier and _~ &nor I III
al:lIe ~ IriIing as a resuI d ...... tJeopld tw COtCrd dlle PIt.
IciparIl The r..ct 10 tend . ~ c:tliId 10 caIIege or 10 puICIwe . ...
heme IhaI nee be COIlIldeled urIoIlll I able emerget.o.. The dIIIrmi lIIion
. 10 whelher lUdl an "" '00 ullable IftlergeIlCy .. ItIII be besed on ..
meriIa d -=tI inl:IYicMI C8aa
ARI1CLE VII. ~
No PactcipIIt 0I...~~'l .,.. ~ righllo ~ ... IIiIign.
pIadg& IranIIIr 01 aItlIIlrfiee or -=urnbef .. righllo MCaNe .. ~
menII twnunc:le( whidl PIW"** rv-"~ dednd 10 be non-
1IIigI.... and ~...
AR11CI..E IX. RELV10NSHF 10 OTHER PLANS AHO EMPLOYMENT
AGAEEIIEHTI
1hiI PWlIIMI in addilion II) q ohr I8titwImerC. pension. 01 benI& plan
or ...,.. ~ in ..-..ra 01 heI... -.. eIIMliItled b .. benIIII dlle
~~.... ...~~...........neellect~.....
atlIt under If\' IUCh pIIn or ~ NclINng ~18d in ... Plan ... be
daenwd Io~ an~ cartracf or ~ tiel...-. q PIt-
~ and .. ~ or II) giIIe .. fWicipert .. righllD be ....., in
lie ~ d" ~ Nor... ~,..., be CllNtrued 10 ~
"1arrnI dlf\' ~.... coraa::t or ~ tIeI...-.. ~. and
1Ie~
ARI1CLE X. AIIENDIIENT OR TERIIINATION OF PLAN
The~ ~ _ qfme ~tliI Plan pro.;ded till 1___ u:h
Im8l Onert in tdng 10 lie AaninisIraIor _teat 30 ~ prior 10 !he 4IfIlIctNe
dale d tw Im8l 0nerIl The c::oneert d !he ~ ...ao. ..... ... be IWqUired
in order fat lUdllm8l ~ 10 become tIfIacfMt, tu tw Adrnio liIIflllOl IhII
be under no ~, to coren. acting. .fdrni.tiIb... hereunder.. dsar>.
po.. dlUdl......Onft. The EmPoJer ~ _ q time ..",..... Plan.
The Adm;.... n..- - q time propoee an Im8lldnwC to.. Plan by an
~ in wrIing _1Im1IId1o" Etnpqtar...... 30 _ baforelle iliac-
M dill d .. 1meI0nerC. Such &meI~ IhaII become IIlIectiva '"-'
MIhin lUdl3O-day period, .. EmPoJer naIiIies.... Adrr,;,.... in WIling hi
I ~ lUdllmellllnel1. in.tldl c-.1UCh ImeI dr.. r.I nee beccme
.,.... In fie... d ad\ ~. lie MrW.... IhII be under no
otlig8Iion 10 coren. dng as AdrnirliII...u hereundac
No ...... Onert or tllmillIIIiOI. d tie Plan IhaII 6\IIeSt I/'\' ~ d Iff(
rigHI wiltt reIP8d II) c::arnpeI oIItiorl ~ bebe .. dale dlle amet~
or I8rminaIiotL
ARI1CLE XL ~. f LAW
1hiI A.n ..... be CClnIIrued under .. .. d.. .... where Ihe ~
itlcaled and illIIatlWled .., .. ....... hit I meeI !he ~ d an
~ SIIII d*recf CClI'rlPI'lIIIiOr. Pan" under Idon .s1 d fie 1riImaI""'-
... Code d 1154. aslmel ded. The ~ d... Plan IhaI be ir..p..eed
....... ~ in COIbnlly wiIh .. ~ d tllllICtion.
ARTICLE XI. GENDER AND .........
The ~ ponaun, ........., '*-in. ... irQ.:Je.... tanwine pIO-
nlU\...... ~ hi iQdItlle..... ~ ......c:or-.. ~
ahIwa
I
:L()
APPENDIX .
DECLARATION OF TRUST
OF
leMA RETIREMENT TRUST
AR11C&.I L twIE AND DEFINITIONI
....1.1-..: 1he MIme d IlelW CIIIIIId t.q it.. CIotA.....
... ...
..... 1.1 0........ wr....~ -'-'h-.in. Ile~""
..... ... llelallcllMnv ~ m..~
tIIlrta& 1he"""'" .....teainSeclion4.1..... _..ad Ian
.... ...
..~c....~......Plln.A~~~.pIen~
- ......1lM:I br a PutJIc ~ _ '" purpoee d ~ .....
... incclIBe 8nd .. ...... bInIIII tea II ...... in ~a
... lie ~.. d IeCIiCn e d'" .,."., ........ Code d 1154.
. ...64.
t:t ~ n.stment Cornet. A c:c:rwc:t ~ r.o ~ tie ~
IIlIItlW wit! iMnnce CCIn'lpWlieI" powidIs tIr a guaqr8Nd _
d NIum on n.est,.... made pura.-t 10 ad! c:are.ct.
(It OM. 111I ....~.. car ~ Aatarllfo..
MICMMIC....... Ttae 1uIIaes tIectId br" NIle ~ wtlQ
.. ~a" '" pv.tiIiora d Sec:Iion 1.* '*-ell .. _ ~
... ".. 80IId II crnc:tor. cllCMA 01 RC.
. In Nl._i ~ 1he 1nI.-......ldve.1lIt ... r.o a coRr8d
... Ile W....... ... 10 pro.idI acMc:e ... ~ 10 n..-s.._1I d
....~
.. ~... A trUIl crMIICl purIUWf 10 an Iigl'eeflWtI bIMeen Re
-. NlIc ~ tIr Ile SUpOee d irMIIing and admi_ing Ile
ilndallllllide br adl ~ in CIOl.l8dioI. wit! II ~ ~
IIIon ~ wiI\ II ~W_
.. ~ Jhe PortIcIoI d a___ eItIlbIItled br tie ~
~ tea" ....".,.. 'lull. "'* Ile ....-on d t1e1uslMs. tIr
.. purpoae II potdIlQ ft.....,. _ IlelW ~
. PuIlIc ~ 'IuIIIIIa Ttae 1uII-.lllcllcfbrlle Nlic ~
. .. tIClCCliIdance ..... pIOIIlaOI.. d Sectcln3.1CI) "-d. .......
.,.... d Nlic ~
. PwbIc ~ A un1 II .. Of IacaI eo-e..~I"" Of arv agerq Of
~.... ...,. adl:1*d a Dlllr..sCCll................
... ~ tie o.a..lIclIi "....
to c 1Ile .......... CIr ....1eQIfftIII1I..... :... ......,.. Q:qo
.....
. "'_..t ...... 1he.... CI.-ct br ... DlIl" *'. d 'lulL
..... ~ 1tte amour-. ... in" R:6_...,.lW on ..... d
.. '-lIbIc ~ 1he.... ~ INI i'QIdI .. inclllIle ....
JIlgIiaIIa .. ... IJl." d '" .... 10 ....
"....... n. N:lIe ~ ~ 8nd 1CIltM'C""'1IIdId
-.. "'* ~......~ _"IDMS d 1UIIIIa d
.. n.___ ....
ARTICLE I. CREATION AND PURPOSE ~ THE TRUST; OWNERSHIP
OF TRUST ~I T
SectIoII J. 1 CIuIIoft: 1he AI&wneI. lW it CI.-:f and eIIabiIhed br
.....uion d... 0..:"0.. dlW br Ile ""- and lie ~IQ
PutJIc ~
IecIon U ~ .... Pursaa dlle ......_.... ill 10 pQide tIr
Ile COII'.u69WinlMl._f d.... hIId br" PubIc~ inCClMaC-
Ion wIt\ ..0IItn.d~............ 1ha lW ~tflII be......,
inlle ~ 1n~1nL"',""Connc:Ia. andinae.~
~"'._lded br "'In ,Ml'_lI ~.... 1lelUpeNiaiol, d Ile 80aId
"......
SectIon 2.1 0wnefShIp of ..... Property. 1he "'-- ItlaI twv. ..
"10 1le'IUII PIgperty. The PYtlic ~ theI belle beneficial owners
_ Ile 1UII Pqlerty. .
ARTJa.I .. TRUSTIES
IectIon 1.1 ....... _ 0udftc8tI0n of TnaatML
tI) 1tte 80erd 01 T.......INI conIiII fIl ,.. TIUItNs.. Five d tie TrualeeI
... be .... 1ftIJI1c.- 01 a NlIic ~ (lie Putlie ~
TNIIiMI) who - ~ by ad! NlIic ~ 10..... as T~.
h ~ IlU Tn.-.. IhaI ccniIl 01 two perarn who. ... lime 01
tIec:Iion 10 Ile Bo.rd 01 T...... .. ~I d tie 80erd d Oirec::lors d
ICMA and two pencn who. . .. he d IIection. _ rnembera 01.. Boatd
d!Jn::kqd Re tt-1CWA.ft: T~ 0.. d.. TMIees.no ilia cirecD
0I1CMA, and or-. 0I1le TIUIIeeS who it a ciredgr d Re. 1tlaI. . the lime
01 *:tion. be YIme ~ oIa Putlie ~.
(b) No pnon rwwy..... .. TNIIM lor more Ilan or-. tann in any ~year
period.
IectIon 1.J EJection ... ...
(11,) EJaJlI tIr '" bIIees~,., 10. ** "* pursuert 10 Section 3.5
herwlcf. .. bIIees INI be alec:Iad br a WIll d a ...;orty d .. Pubic
~ in ~da.a'" .. ~ .. tIrth in tie 8y-laws.
(bt AI '" .. ..., d 'IuIIeea. .... "'-- INI be alec:Iad tIr a 11Im
01....,..,.. .... ~ INI be alec:Iad tIr a 11Im dMo ~ and....
"'---INI be tIIr:Iad tar a 11Im d or-. ... AI -=tl" "'eeqI.... *=lion.
... ~ ... be alec:Iad IDr a 11Im d.... ~ and ur.- hia Of ,.,.
.lOCeIaOr . tIIr:Iad and .-.s.
ktIoR U Nar"- ..a r-. 1he "'-eI1lflO.. u.tme ....... d Pubic
~ INI ..... _.. Nom;.-18 Co.N...... IDr Ile P'ubIc ~
.... 1he NDo,,j,"''V~_,,,,, dlcaeClf....... b PUtE ~
"'-- 1ft ~u..... ~.. tIrI\ in Ile ~
..... SA ..... I.a n ... ~111I' 11II.
... Ant ~ ..... .-gn - ~ ...... Ned IDr priOt or _ttwQl...
~ br an ~ In MlingIiOned br Ile "'- and--"
It .. at. ...... and ad! ~16.i'. ... be tiIIcIle ~ u::tl
, ..1<:.
..
r1/
'. ..,,~
dIIvery. or . . .... dlde acco.liIlQ to .. IIrmI d .. inIttumerC. Ant
d lie 'IUIIMa ~ be IWI'QIId for c.-. ~ . veil d. mapty d lie
PutlIc ~
,. Each PubIc ~ 'IuIIIIe IhIII'IllIign hiI or ,. poeition . 'IuIIIe
~ Ibdy _ d lhe daIIt on whictI he or IN ceMelto be . ~
~ d . PlAlIc empc".
IectIon U ,,-*ldM; The tIrm d alIce d. '1wIee .... ..miI_ and
. -=ancr"" occur 1ft lie WItt d.. deIIh, ~..IWnCMI. ~
~ ~1Oe or ClthIr ~lDperbm" cYladlle dice d
........ ~.. cae d. '<<Irq lie ~........... 'PPC*t adl
peIIOn .~~ hir c:i,c....... _. ~ID..~... btl
~ Ilia SIdIart. 10 ..... for .. ~ porion d"lInn d .. 1UIIIe
wtlO '-1WIigned 01 aItlII... ceased 10 be ....... TheIppOill6._.....
..lMdtbra......~ ~~.lNIjarIrd" ~ ThePMOtl
lAd !lid IIlUII be .. IWMIp d 1UIIIe..... PubIc ~ ..... or
ICMAR: ~... perwonwtlo"'~lDbe. ~ Nt IIAXirf-
.... d. 'IuIIIee may bemede In Iol~. d. -=arq tD occur.....
daIIt ~...... d ....... or -Vlllliol.. polIidIId fill adllAX**..era
.... net became IftIc::IM prior 10 IUCh IIIIIlIffleI1 or MIiglIllCllL WtIII...
. -=ancr In lie..... d ~.... ClCClC ... 8UCh ~ II 8ed
· pIIlMdId ~.. Sec:Ion 34 ........In aIIc& ~ dlllir....
I>>( .... ....... po.M gr..-d 10" ...... and .... ....v- II
"cUaa~ l4XJn.........~... ~....~ A--..n......
~.. I Jlk IOe d IUCh --.:r Iigned br. ~ cI........
......~~d.. L' ~.c..cllUCh~
IectIon SA ""'1\1.. ....... ...... ....... t.pU.... ~ ~
.. ~..".-:h NIle ~ IgI.-IlIt lie PubIc &Ilpo,.. 'IUIIIII
tlldldbr"PubIc ~..~toal.~and"lIMiI..
....d.. PubIc ~ ~~
M'1'ICU IV. flOWERS OF TRUITEEI
SectIon 4.1 GInet8I Powenl: The1ulleea....hee.. power tD~
..tun.(I..1UIt8ndIDCflftClrl ..~~ a.ch ~....~.
tIj .... net .. IrNIed " .. .... lit
(It...... 'lull ~ tan tie PubIc Eft~. or tOm. 'IuIIIe
tI..~...
.... ~.COrftCI will ~ ftlMln..,., ~ pIQIiding. .-non; ~
.... tor.. M'f:Iftne/t.and opeqIaI. dlle PcrtfcIot. ..-:Ion cI..
~ Jrr._I\IIlI Cc:lnncIIIn whictI .. lull PIoperty may be
~ IIIec:tion d Glher ~ for.. 'lull PIoperty and lie .....
....d~........ID.. ~~endtD~U:Hn ...-.1
adwiIIr ~ br .. h........ AcMIIr;
tct....~.. perbr!wlCed...., .-ne.CAdv!Ier and ~
8IlIlIIIIy .. corftcI will adI In..... AdwiIIr;
*' ... and M1rM119le 'lull Praperty In .. ~ .. GuwInIed
en.......... ec...c.. and in ~ __ ~ 1lIOClI1"..1ded br ..
Ini ..._.. ~ JlIDIIldId hll. NlIc ~ '- cItecMd fill ..
....... .. IrMIled in IpeClIed PtlItraIoI or In . a.... -.:r InLIIII/wt
ecn.:t. lie 'h.-...dlle Al6.,..t 1I.III.........1UCh rncne.1n
accOIdItlce wllllUCIt cf,d",..
tit _ IUCIt porion d .. 1UIt ~ 1ft ClIIIfI 01 ClIIIfI bIIIIIICM .
........ tom '"-10 lima. lIIIr diem tD be lit.. bell..... d..
RJI. \_l1ull ~ ~ ....Iabar tar..... ~
. ~ and....1:lr IUCIt 1irnI. "-1NIr"" ad\~ -:-It.. ~
..or.. P"OI*tr ___ or ecqui.cf br.... ~......
..... Of net IUCIt ...... or at. ~..... ~ .. .....
--.. _In -4.__ '-"*:
.. -- ~.... or" papeItJ tlIId. _ d.. 'lull PIiaperty
ID .. ~,. .bd ~ .. ...,. d lie Aa_._l1ull or In .. .... d .
....... .... 18d.. n....A..,. 1ft ~ bm. tIj.. ..... and
..... dlle............ . II an......... adI 1m .._*...
._"....~
".......... ~...--IIY.....~d....
.. ...~Iil~ ..s-.end.. __.......... __ be...
.,. W ~~ tt-r cu....-......
I WlII upon ~ ~ bondI. or chr I8CUrtlies; g;... general or IJ*iaI
prOlieI 01 powera d ~ wIh or wiIhcU po.wr d IlbIlibAion; el8ICiIe
~ CllI'MlrIion prNIegeI. 1lAlIa~. '9*; 01 chr optionI. and male
~ peymenea inciden1a11hereIo; ClJlPOM, or ~ lD. 01 0lheI wiN par.
~ in. corpol- ~ 01 0Iher cfwlge& aftBdIng CCI'pOIW
-=urtieI. and dIIegIIe -.etiol_'1 powers, and ~ ~ III! L ,__
or c:tlIIgeI in CCll.l8db, ~ and ~ eerciIe Int dlhe ~
d ~ ClM* .. NIped 10 IIDcIaI. bondI. -=uriIies or oIW prcpett)' heAd
.. pM d .. 11.1II Pnlpirty;
. -- ~ CClI'WdI or .....lgMleI.. for goodI or IIMc:eI requir1ld in
CCll.dui\.....operIIion d.. AIbnett ~ irQdng, tu na h1IId
" COI'D-* ... a*<<IanI... caradI for lie pl'DlIiIicn d Un;. ....
he ..w:.;
to banow or .... money for .. pursx- d the Rl61l11M 'lull in aJCh
arnaurt. end upon aJCh IInnI and 001 diO/ II, II tie ~ Ih8I deem
adviIat1Ie. pIOlIided hllhe QfegaIa wncut d aJCh banuwingI ."..
na eceed 3CMdtle __ dllelull ~ No perQ'I ~ l7lOnIP,'
. tie "'*-1hII be bcU'Id tD _ "1ipIlI<4I'i<J., d the monev In or
lit inlPPt Irm .. -.Idly, elpedeIq or pIqJrieIy d ~ adI borro..iIlg;
. ft:ur '1111 ... ...... .. l8qUiMd for tie aperatioo I d the Retire-
....1UIt n dIcMt adI e.peIlM. kiln lie 'lull ~
... ~ 1ICpeI- property IIocabIe tD "'lull Property ina.nacl in con-
NCIan wiIh" DIIerNd ~....".. 01" Empo,w 'lulls and
dalU:t adllIlI*'" tom fill porion d..", Property bel~
ClIIIflId by .. PubIc ~ tD wham aJCh IICpeIIIM lie paperty
IIDcatJI8;
.. par Cll.t d lie... PIqlerty II reel and ,..".., prcperty.... income
..8nd cbr.. d ~ 8nd II.... wf'ictl. in lie apnon d lie ~
.. ~ IlMed. or In T 111 (t under eciIIing or ... .... upon, or in
fIIIp8Ct d. ..... PIqlerty and tIoc:IIe ~ IUCtl .... tD .. appropn.
- 8CiCCllftI;
(0) adapt. amend and repeeI" ~ pn:Mded IN! aJCh 8)'-Laws are
· II ... com'*re wiIh "1InnI d ... 0ect8IIIIicn d 'lull;
.. "'.peIUlIto meIe ..... inIInIlI in.. ~ "'to
~ eIgitlIe lit rnair8in . cIIIIrIwI campellIIIIiQ,. plan under ~
ton e d" ....,., AMI-.. CQ. .. ""Idad.
.. iIIue" AInJIl AIpoIt d lie AeIt...... '1uIt. 8nd tie dIdoa-. ~
.... and oller .... &.ed br .. AetifwneI. 'lull;
tit ..... -.. Inc:ldng .. puldlaIe d debI obIigcIItiu... pn:Mded till
II adllDana ... bear inIlIreII . lie cunM rnarIet '*;
..ccnracr tx 8nd dIlegIIIa ~ powers QIW1Id ~ to. ac:h ~
9'*. ~ IUdItDrI and ..... .. lie 'IuIIeeI may -.a.
pQIIded hi.. 1uIIeeI may net delegate .. powera .. forth in ~
~ ... (c) and (at d.. SecIion 4.1 and may na deIegaIIt anr pc:NIerS
IIUCtI ~. WIIDUd ... hir bACiary dlAiII;
to plOlIide for .. i.v.ibIIo.. d.. oIicera and ~ d lie Retire-
.... 1UIt and puIdlae bACiary NurInce;
M maiWl boaIca 8nd ~ Incb:Ing IIJ** -=cans for aach P\b
Ie ~ or ~ 11.1II and adI adcftiollll ~ -=cans..
.. NQlftcl ~ end 001........ wIh. .. o.n.ct Compel.-o.\ PIen
d .-:h PubIc [mpo,..~ and
M do II adI-. .... II aICh ~ lQI. and ___.. ac:h r9*
and priwIagII. ....... not 11*.11. ~ ~*' herein. _lie ~
..... diem l\8C 'i or 1ppIqlI. to ecm;..... .. lull PIcperty and
. cany Cll.t .. ~ d .. AIIiI.._.. 'lull
......1............ fII hIt~ DiIIrtUicN d..", ~
artr ifili be made" or ClrI bIhaI d. .. Putic ~ in ~
will.. lInN d.. D*I'Id Ql.._-.Io.. Plana or ~ "'- The
....... GIlle ....tIi._....... be Ur P*CIad in maIing pe,mela
.. ~a"''' dM:Ioo. d.. PubIc ~ or lie "'-- d
.. ~~.....~IO.....1UCtl PIIi"'-*" in ~
pIance... ~.. d.. o.n.:t CClI'1*IUIio., PIanI or lie ~
-......~ "'*
.... U biOI. fII "'*'-1.... n. ~ INIr ~
.......~Gnlor _de. ......tD.... ~ ~ or dllc>>
... an tlIitWf d II. ~ ... net IIT~ to "1Igl'irlQ or .Idt..........
· ,!J...2.-
d."c:f'leck end.. ~ d." tppIcllio.-.lnuwlceand cawcorftdl,
and .. 8CIcIft d IUCh deIigI.-d "'*- or 1uIII.. -.. twwe the ..,. bI:le
end eIIc:t ....... by " .. ..---.
.umcu ~ DUTY OF CARl AND LWI8JTY OfF TRU8TEES
IectJon L 1 DulJ 01 CWe: In ~lQ tie ~ hnillbelcre P*d II>
.. "'*" lie 1\IIIIeI .,.. pert:lrrft II ICII ...... .. dlorIy for lie
.... JUPl* d pnMcIl~.... for.. NIle ~ and.,..
perbm adt _ wilt tie eM. ... P'\IdInCI end dIgInc:e In tie ~
..... ~ ~ .. · prudert I*D' dv In. .. CII*Ir and
....... aO..........,...1n fie cordd d 1ft .~ d."
.... ... .. .. ..... - .
IecIon U t.IIIliIIr: The........ ncf be ~for........ dPdg-
.. or -- acIon.....1n good.... and..... dln.... or ClIriIId
In IIIIIftce In good 11III\ upon" boofCI d eccran CI' __18CClfdI d fie
.......... 'lull, upon" opinion d CClUnIII. CI'" ..... mede 11>"
RIIi..... ..... by tn/ d .. Gllcetl.lftlJlIot- or.. or by" ......
...........or "'1UI>inL"'-.~~~0I__
..... orCClNlAMll... wIIt.......~ IIrtie1ulllel. ca:..
or ...,~- d" AeIIImIft 1wL The......., _ ncf be.... for
.. '* ....., by" .... ~ by ~ d.. irwlIIl._t InIde
In good"" end In ~~ ."IIInliIIdd.c.. III btllnSeclan S\
".~~
.... U.... No 1uIIIe.,.. be ~II> 'i1t." bent 01__
~"'''~qdqd~or_~~
.umcu VI. AMNlL REPORf 10 IHAREHOI.DERI
1ha "'-eallhll ~ ...,. II> .. Putic tmpIo;M a wrIIen NpOIt d
.. ...~. d tie AI&",*t lull. h:idng.... r' ...... wtIch-..
be C8fIiIed by indepeIldert pubic IlCCOUI'UnII ~ by .. 'IuIIIa .
- ~~-,,_ri~--.~:,_>-f::'
;~ "~"''',;;>
'~~;!~r~;,':.;"~-~~~l>;~:~~;~ .
AJmCLE VI. DUfUmON OR AIIENDIIENT OF RETIREIIENT TRUST
IectIon 7.1 W1tI......: A Nlic ~may.. aIJf~ wlhbw~
.. Retirwner.1uII by ~ 10.. Boerd d "'-- a - 11 ...,.11> flit
tftec:t. The wiIhc:hwing P\tic Empb,w'a benIIficiat ..... in" RIIl.._..
lull...... be peid cat 10.. PubIc En1*7Jw 0110.. 'IuII8e d.. ~
lull. . ~~....
IectIon 7.2 DuratIon: The ',,*-..ert 1uII1haI COI1linue uN! "'"'"WIld
by" '4dI d alnlliCdY d.. PubIc ~ -=tl CIIlIng one VOla Upon
IIrmifllliol, II d.. 'lull PIq)erty -.. be peid QA II> lie PubIc Empqera
. or....... d" ~ "'-. ~~.....
IecIon 7.s AmltMllnent: The ......Wlo. 'lull ".... be -.lded by" 'Ga
fl. ~ d.. "'* ~ -=It CIIlIng one ''Gt.
IectIon 7..~: A '-*Aion 10 1Imli.... or Ift1end .. Aetiremert
lull or II> ~ a1ullee... be IIOI6Idloa 'Gad" N:lIc ~
I: CIJ alnliCdY d lie 1\JIIeea 10 ~ or; (b) a pdon I8QU8IIting a vall.
tIgned by ncf ... bn ~ d".PubIc ~.. aDnIIId II> ..
.......
ARTICU VII. IIISCELLANEOUI
IectIon 1.1 GeMmIng Uw: EJcept. aIheI wile lWqlftd br ..... or kat
-.. ~. d1ull end.. AIIl_I"'1uII hen!brCRllld.,.. be
CClnIhed end ~ br .. ... d.. DiIIricI d Cc*mbia.
IectJon 1.2 CounIerpe.1a: 1Ns DecIa...... may be IICIIlCUId br" PubIc
tmpo,e.. and 'IUIINa in tlIlO or IftCft ~ -=tl d ~ .,.. be
dMmed 1ft orvrw tu " d wtIch tclgIlher... ccndIAe one and .. ..,.
hln.mn.
~3
.
APPENDIX C
TRUST AGREEMENT WITH
THE ICMA RETIREMENT CORPORAnON
~ INde bvMdbllweenh~ rwned it..1IlIctlecl ~
Yon'" h rne..1IIIio.1II cay .....~ ~ 1WI...1e/t Corpora.
Ian ,........ h "'IuIIIM" or "FIIh!.1e/t CorpoI~ I ~ corpora.
1Dn~1iaod"'~ W1der.....d..Sl8led~ b"~
GI""""'" CllherMII ~'."';'lQ .. ..... III IIide br ~ it
COfoo**'... dlItIrNd c::cmpelllllliol.... ~ under Idon 4li1 d
..1rWnII...... Code Gl1854 ... 'Cade").. 1hiI19... ...,......tIIIe eIIIcI
~ ~ bw" 'IuIIIe d.. ~1"" br" ~ to .....
. 'IuIIIe In lCCClIdIla '*-Ih . lit bI'I it ..1III8c:hed ~
WHEREAS,.. ~ha elllitJltec;t I dllIIn8dClClfl'4*UIioI. pIIn under
-=ian 4'!S1 411.. Code or- ~
WHEMAI. In order lhII there .. be IUIIciert ..... NIIabIe to <iIdwge
.. EmpIown cornctueI otlIigaIioI. under tie Plan, lie Ernpqw delirelto
lit IlIide ~ arnour-a equa!to tie ImClUIt d compel UIioI. dIIlIn8d;
WHERIAI. .. .... III aide. IDgelher willII\' Md .. ..... dIrMd fn:lm
.. ft.......... ....", ..to be ~ ~ .. dclnirion. corird. Md
0IlINI1f. d.. ~... "'to"~IbeclhAI. d wIh-
.... no ~.... fllM'lQ II\' ..... ~...-n;
NOW, 1lfEN!FORE, ..~ .... IIIhtwl (-.lht~.. pey
mariea to" .....to be pIlad it cWemld compeI-'on ~ b h
~ .. .. 1uIIee ~_ twll .. hdd IIid Il.InI, ... II\' aIher
inia wtlidlllMy MC8Mt ~ In trUIllDr h UI8S and PlrPOI8S and
upon hIilmllMd~. hered.. ItIIId; end (c) tie perW henlIo ~
. '*'-
MnCLI L QENERAL DUTEI OF THE MRTIEI
IectIan 1.1..... Dutr flit. ....,... The ~"'!NIIe ~
.. periocIc ....... equelto h ImOUrD d .. empIoyeeI' cornpelllltion
which ... dlItIrNd In lICClClIdIIa wIh "1InN end OClldiol. d .. Plan
to .. .... twI IUCh arnoura ... to be iMIIId under tie 'lull.
IeeIIon 1.2 0...1 Dullea fII....... The........ hclId......
.... br I hMundet '*'*=h. tDgeIher wIh ht R:cme Ilerefrom."" con-
... ..lull fundi. . ..... admililtlf ..lull MInck ccIec:t .. n::ome
....", Md..... ~ "......... ".,...... pnMded. The-.-
tIII""_ tad.. lull lVdI-,*" ......edto'. ~.....
....~ fIcm ~ ~ cCl"~'Il..IIClh MWIQeIMI. wIh ..
....,i.,- under... dllclbdinldon6 d..Coda Suctllull lVdI
..... be ~ to .. d.. IImlI Md pIUMoI. d"~
MnCLI L POWERS AND DUnES Of THE TRUITEE IIINVDT~
~ ANDDIS8UR8BIENT OFTHI T1IU8T
....
.... 1.1l1li..... ~ .... Dullea .. ....... The 'Iue-
... .... ... .. PCJI* to ..... Iftd ...... !hi prn:ipII nf lralme d
.. ........... ..,......-....s. "'dIII"cloh~
...............In lmdiIIor In__ ~ ....<<,....., ....
-............ 1Id.....-:I_.... canwnan<<....... bandII.
........ ~ and .....-.ce poIcieI. IflCIl'tQeo-. and ofIer ~ d
~<<0M'lMt0p. n.rnert~_ conwnon<< ~NII""
<< ...... and diIInri types d.... 0nc::ldrlQ ~ .., incomI) whch
UII ~ d..... Md Ioc:aI go......_illlf..... ~........ twI
.. ~ nwr chct irMIIrner1 br ht 'IUII8e ~ elIIItlII ft1lllnWt
1IImII_ in IUCh papoltiClI.... ~ ......In COiI.-........
..~~~.agrNnMI"".,~,,,, For.....~
..... lull Fv1dI nwr be con..';'~ wIh lull F\n:iI .. ... br aIher
~lUII*Cto!hllilmlld"ICMA"'_,_t 'lull. n....... ~
WIIId in!hl1Ullll bv III Section INIy be ~ br III1U1111toll\''''
~<<NIICC111*\'.a II\' ~~ fNnIg8f<<-oert1lleclld
brt.
SectIon 2.2 AcImInIatJaIlve Powera 01..........: The n...1NI hlMl
.. power in II ciIc:MIiol L
(10 b JlUICf-. << IUbIcribe 10(. ant -=wtIeI << ofIer prqlefty .,., to
NIIIin III ... itlrUlL
(tit b.... ....9' ~. ....... a ClhI... ~ d ant ~
.. << ahr prqlefty held br .. br ~ ~ or . put*: adOn.
No peIIClI'I deIIng wiIh .. 'IuItee ..... be boIN to .. III IU'Ic ~
d III ~ rftOney << to inquire no .. *diy, e.cpeciellC.). a prqlri-
Ity d q u:h .... a CIIhIr ~..
fct b",* l4Xlft antlllX:lca. bondI. or CltlIr -=urltieI; to ~ geneqI <<
IpeCiIl P'Olies or poMlf'S d .norney wIh <<~power d ..~-.n;
to...a.1I\' corwnon priYIegeI. aA:lec:l~. tV'lII. or ahr cpicn.
and to ....11\' ~ inc:ideIiIIlwIIo; to ClJlPC*, << to cor.ert Q
<<CllhIrwiIe ~ in. corpcll-IIIOI~~.arJt-.~ ~
klg CClIJl(lrIIe IICUrIieI. Md to dIIIQ* .... ., pa.eIS, end Ie) pey
II\' III t**a dwgea in COiI......fiu,. ~ and ger,.IIIy to_.
ciIe II\' d III pClIlIIIrS d ... owner witt ~ to m::III. bondI.l8CUrtiII
a ahr ~ held . pert d ht 'lull Funlk
(4 b~ ant-=urliel 01 0IhIr praperty held _.. d..luIl FundI
to be reg4te..ct it.. own '*TIe. and to tad II\' ~ it *'-Iotm.
tu.. booIas end recorda d \he "'-'....... "'-...h1.. u:h
~ ... I" d hlUll Funlk
M b bonoilr<< .... money IDr III ~ d..luIl in IUCIIImCUt.
and upon IUCh -.ma.,., OClldliol.. ...1\lIIN..... deem ~
and. b II\' un 10 bontl..ed. to __.. p.O'f-..ot.. nail. ~ end
to -=uIII III ~ ...." br pledging ... << II\' PI". dill 'tUII
FuncIa. No ~ IIndng money to.. ~.... be bClI..s to.. III
~ .llll(l'. dill ~ 1M ato ~....... ~a
papiIly d II\' u:h bo.~lg.
.. b IlIIp u:h parIan dill 'tUII FundI In CIlIh << CIIIh ~ .
III ~ tan lmlto In-. "., diem to be In III bell r.... dill
lull CII.-cf ~ ~ w.y 1Dr...... ~
.. b IIlCIJII and .....1Dr IUCh 1mI. IIIlIW din .. . l~ II\' ___
..<<-~.....<< ~~..~......---
<< ... u::II - ..... << ahr PfQPertr ..., ........, be ~ .
1m Ul__1( ......
~1
.. 1)...... .....~ ... --- q a II dclc:urner* d
.... a ~ Ind q"''''' ~ hI...,be
nee II 'f or ~ to c.rv eM .. pcM8IS herein ptId.
I 1)..... <NII~"''''' or .....to .w..Ion 11ft c:IIimI. dIbI. or
dImIgeI M or CMiIV to or tIom'" .... F\ntI; to OOIIlmIIlC8 or dIIend
.... or IIgII or ..i..>> A.. p-eectI~ ... to...-....1\.a fUdI
~ II lUll ......... .dI...... ~
. 1) do II u:h......" u:fI...--drlQl.lfld -- II u:h.w-
end~ ~ naI tII*.IIUIlI't _~l8d heNIn. .... 'IuIIIe
nr ...... I 'J to .dl...... .. ... fundi'" ID C8I1Y eM ..
~ d.......
.... U 1)IeIItbuIIone........ FundI: 1ha ~...
eppoiraa'" bIIee ...-aera for"'~ d~ ~ 110m
.. 'lull FundI. In fliIlIIgIIfd ........ end ClOldliorW lit bt\ In ... PIIn
.. to ~ ... ccnd .. ...... pIlIIIIC
8ecIIoft U ......... of.....,.. ,...... ora. ~. dWullon
011II ~ br............ "IUIIIe.... ~nW'" ... d....
'lull FundI. ".. _"lull fundi...... --."*.....--
II... ~ d ~ an" 'ttIIUIIclft 0.. . In"''''' of"'"
__1lojl~maIIIiI""'_"'1u-.e"" .......lio..In~...
mIIlhodI.... " . J ... ~ end ......" IIIlIlII4
ARnCU .. FOR PROrECI1OII fIE ........
SectIon 1.1 EvIdII..of ActIon br ~. 1M T....... mI)' ~ ~
.., ~ nalioe or cIIIectIon ~ to..... ~ I9l8d on behII
of... ~ which.. TfUIIIe ~ to'" ~ I9l8d br._
~...sdlcillof"'&.~. No~""be~~
IIYt d... TNIl fundi or T~ ... _ .. ....... bJ ... T"*<<I.
SectIon U AdvIce'" COuNIt 1ha "NIIle~~. q-~
III ... .-peel ID ... ccntruCIion d iii A.,eemerC. II cUieI hnlRIlK
or q a::t. which . po(lPOI8S to .... or omI. ... thII not belable for q
don ... or ~ .~good ~...... to u:fI adC&
SectIon U.I C III ..... ,..........._~C*lt....-..
tile dIigence. ba'" nalbe....., .........ofpfgrnlft or ~ don
..., in good tIII\ 1M 1uIIIe'" nat...... for q _1UIIIinId br
"'1\.a fundi br ~ of 11ft n 1""""" In good IIIh and In~'
dRle..... ~.of"'~
1ha ~ ~ ... udgIIofll .... be biIIBd to ~ ecpeIIIy
mpc.d upon . br iii AgreemII't.
AR1'1CLE IV. 1JUCII. DPENSB AND CC)IIPENSA1'IOI OF TRUSTEE
IectIoft 4.1 ~ h'lullle --. dIcld IIarIlIfld ctwge 1IgIIirIiI...1\.a
fundi Wf/ __ on'" .... fundi or "'Incclme....., or which ... 'IuI-
... iI NQUiNd to PIW .. ...... to" .,..., of Wf/ pIrIOft twrein.
IIdIoft ..1 ~'I I; 'The 'IuIIIe.... dIcid lIarIla ct-ve --
"1\.aFundlIl ........~hu*' br...~in..~
tlIIIion of" 'lull fUdI. ~CCUlIIII. ~ In..oIrnenl acMIDry."
__ I_ I J ....
ARnCLI v. IETTL8ENT 0* ACCOUIITI
1M ..... .... ... ~ ... dIIIIad ICCC:UtI of II inI .......
tICIIIiJ& ~ ........ II ~.......
W*' linIlV__.....cl.-d-="IIcII,.... ~......
..... cII~1O..~.,1CClGUIf filII _... ,-.-::tona. 'IuI-
......... . Wf/'" fII...... FWld.... ..-..ct~........
fII q ~ Ii~" ..._.~... F-* .. ... ......1IIPOfl
_ ~ ... Funda .... ba ......... ... w . r rl' In .. ICCCllA
......."_..........d..alIllUCfJllIlW lI'*Gdallllft
.. ~........ wIIl..........-.. ~ tD 11ft"
. .....c:IoI. fI" ....... .. ...... ......n.. ICCOUIlI .... .......
........ ...... afW'" JIll........ IN '" &.........
.............. ba .. '" J ................ to"~
- - "'P',"" 1"-,. - ,v.... lit................ ...,..,..,
......... ..1...............
" ~~. _;. ",:i; <~}~;~f'~.~;$:-~.' .
". . , ;-~ - ";.t');-,'tt.'''')':~ . ,);f. :.'
,'. _._ __, ._.", r.~~'4_~'''$
When an .x:ourt I:lecxlrMI an accourt .-cI. u:h acc:ort IhaI be InII'f
1llCIed."" bIIM'" be ~ dIIc:twged" nlIe8e8d. ..If aJCh
acc:ort hid bean ..aIed " IIcJMJd ~ . judgmett or deCIM d . court 01
~ jAiIlIdion In an ecIon or Jol"oc:eecillg in which the ~ and the
~... pefte&
1he1ullM IhaI ,.. .. ~ ID 8PP'f II q lime ID. court d cornpetelt
plIcIcIon for .. jdciII ...."... d .. ~
AR1'1CLE VI. RESIQNIJ10N AND REIIOVAL OF TRUSTEE
IecIIOft ..1 .....1'1lIIfon of -.......: 1ha hIIIe lNI'f IMign II et'i lime
br ~ wIh" ~ II wrIIIn 1'IIigI..... Sudl...igl1ltiOn IhIIII ..
lied fbItt (10) -. flam .. dill of adl ~ " upon ~nIl\'ler& d
. ~ pnl*t ID Section 83.. ~ ... .. 0CCUt
. IectIon 1.2 RemCMI ",......: 1M ~ lNI'f ~ .. ~
tl q Ime br dIf.eI;"lQ ID .. '1uII8e . wr8In ncIIice d II NmCMII and an
~ of. IUCOI8IO' pnuatt ID Sec:Iion 83. SudlIWllCMl thII net
....1IIIId prior ID _""flam u:h dIIMrt &dill tie bIIee agnI8I
tD., .... ..... dill.
SectIon u Aw-Al..... of Sue tl.IOf 1twtM: The appc:lil'W1Wt d ·
~ to ...1uIIIe ... .... tIIct '4lCIft .. dei'My ID .. 'I-.. d
III.,......... in wrtrrlQ -=aAIld ~... ~ ~lQ aJCh IUC-
~and Wll-allIQ u:fI.~ fI'lIlft~for"" a ~
... of II.... "'1( "l.bt., --..,a In WIling. 8IlIClAId br IUCh
tIJCll)IIf'W
M of .. plOriIicllll lit bt\ ... .. ....-ct ID ... 'I-.. IhaI ,....
to -" .~..... .-ne bee and tIIct... adl.~ t.s
~~ rwned _ ~....
.. a~ it not ....,..;..s wtin _ _-...... "'- gives
noIce dll .esigllIIion punuarC ID Section..,.,.. '1uItee lNI'f aAJIy tD et'i
c:ourt d cornpetert ;.ieeIc*ln for ......,oilllmelt d . alQCeleOt
s.caon ... 1tanafef of ,... tD IucCI.nll. Upon the .-iglllllion 01
NIIWMII d .. 1uIIM " ....."uI...... of . a~ and Ilfter the ...
accaura d..1uIIM'" been prapIIty IlIIIIed. .. 'IUIIIe IhIIII tranlIIIr "
~ Wf/ d .. 'lull f\IndI irwched ID u:h aJOCeM"l'
AR11CLE VI. DURA110N AND REVOCATION OF TRUST AGREEMENT
Iec:tIon 7.1 DuratIon and _0 cation: 1M lull ... ccrirut tor aJCh
tine.lNI'f be.. L 11 n 'lID ...cxll~" ~ far wtich I W8S cnIIIIed
ba may be tIminIIId or nNOked II et'i time ~ ... ~ .. · ,.....
ID q andtlr tllIIIIIId '*tqlIIiIlQ En1lb,.. WIllen notice d IUCh ~
ftIIion or nM)CIIiorllhalbe ~ 1D"1uIIM ~.. ~ Upon ...
lIlinIIIon or lWWOClIIion of.. bII. II d .. ...... .....1haI AIUn to and
..-t ID" ~ 'Ww,,';'18Iion _"lull'" net. ~ ,...,. 1M
EmpIc7,w 01... ~~ otiQIIiOI.to~ d*1wd <XlfIlPtll"
Ion to ~ ill ~lCe wiI\ .....,. of.. PIIin.
IecIIon 7.2 AIMndnlana: 1ha ~ thII twve.. ~ to emend iii
Agleemert In ... " In ... ba ortt wItI ... 'IuIIee'& wriltiIn CClf*f't-
Ant IUCh Mneldmllrt thII baIme ~ upon (a) dIMry to the 'Ius-.
of. wdIan...... d .nwI~ and (b)'" .~ bv the w.-
Ile on IUCh irlIIIMMIt d II cor..- .....
AR11CLE VII. INea I AfEOUI
IectIDn 1.1 '-- of .. DlllltcloI Call...... . cao.m: 1M ~
. ... and ..1\.a..... C'I.-d ... be CONIINed a ~ ~ ..
.... of .. DiIIrIcI of CaUNliL
..... U "'1: ~ I1II !mpIG\-- 111I ~ ... irD.Ide et'i per-
10ft tIIho a~ .. EmpIc7,w and wtIo.... ~ IUbjed to ...
~. 01......, --.......
.... U .. J 1'1 1ha ~ INW- II.. 1m&. a tIan tine tD
... ..... . porIDIl. II of" F\ftII ~ br hi ~
..... u........ Ita 1.~ h ........1IQIdII..1IniniN end
...... iIdulIII....... ...........~...........