HomeMy WebLinkAboutAMendment 2 Retirement PlanAMENDMENT NUMBER TWO
TO THE
CITY OF CARMEL
RETIREMENT PLAN
EFFECTIVE DATE: October 27, 2014
The CITY OF CARMEL RETIREMENT PLAN, originally effective January 1, 2000, and restated in
its entirety effective February 1, 2013, is hereby amended as follows:
By deleting Plan Section 5.02 of Article V in its entirety and by substituting in lieu thereof the
following:
5.02 Optional Forms of Benefits. A Participant may elect in writing between the following
forms of benefit payment:
(A) Lump Sum Payment. Payment is made in a single lump sum cash payment.
(B) Installment Payments. Payments are made over a period certain in monthly,
quarterly, semi - annual or annual cash installments. The period over which such
payment is to be made shall not extend beyond the Participant's life expectancy
(or the life expectancy of the Participant and his designated Beneficiary).
(C) Partial Withdrawals. A partial payment is made, as determined at the discretion
of the Participant.
CITY OF CARMEL, INDIANA has caused its name to be signed by its duly authorized officer to
evidence adoption of this Plan amendment as of the date designated below.
CITY OF CARMEL, INDIANA
By —
Title Signature Page Attached
Date
G36865 MP
CITY OF CARMEL, INDIANA
By and through its Board of Public Works and Safety
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amen Brainard, Presidirig Officer Date
Mary Ann $Grke, Board Member Date
Lori Watson,'B6ard Member Date
ATTEST.
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Dia . Cordray, IAMC, ' lerk- Treasurer Date