Left Click here to open this Title in PDF or Right Click to download the PDF.
Chapter 4.39
SUPPLEMENTARY RETIREMENT AND INCOME PLAN III
Sections:
Art 1 Definitions
4.39.101 Beneficiary.
4.39.102 Code.
4.39.103 Committee.
4.39.104 Compensation.
4.39.105 Council.
4.39.106 Effective date.
4.39.107 Employer and employee.
4.39.108 Fiduciary.
4.39.109 Fiscal year.
4.39.110 Gender.
4.39.111 Highly compensated employee.
4.39.112 Participant.
4.39.113 PERS.
4.39.114 Plan.
4.39.115 Plan year.
4.39.116 Police employee.
4.39.117 Related plan.
4.39.118 Required beginning date.
4.39.119 Service.
4.39.120 SRIP II.
4.39.121 Trust.
4.39.122 Trust agreement.
4.39.123 Trustee.
Art 2 Participation
4.39.201 Participation date.
4.39.202 Cessation of participation.
4.39.203 Inactive participation.
Art 3 Contributions
4.39.301 Employer contributions.
4.39.302 No reversion to employer.
4.39.303 Contributions by participants.
4.39.304 Return of employer contributions--Mistake of fact.
Art 4 Accounts and Vesting
4.39.401 Accounts of participants.
4.39.402 Allocation of contributions.
4.39.403 Limitation on allocations to participants.
4.39.404 Valuation of the trust.
4.39.405 Account balances.
4.39.406 Vesting.
4.39.407 Loans to participants.
4.39.408 Plan-to-plan transfers.
4.39.409 Participant directed investment.
Art 5 Distribution of Benefits
4.39.501 Retirement.
4.39.502 Normal retirement date.
4.39.503 Deferred retirement date.
4.39.504 Early retirement date.
4.39.505 Death.
4.39.506 Designation of beneficiaries.
4.39.507 Absence of valid designation of beneficiaries.
4.39.508 Termination of employment.
Art 6 Method and Time of Distribution
4.39.601 Method of distribution.
4.39.602 Time of distribution.
4.39.603 Distribution of death benefits.
4.39.604 Payment of small benefits.
4.39.605 Rollover.
Art 7 Administration of the Plan
4.39.701 Investment plans committee.
4.39.702 Organization of the committee.
4.39.703 Powers of the committee.
4.39.704 Procedure for review of denial of benefits.
4.39.705 Facility of payment.
4.39.706 Information to be given participants.
4.39.707 Compensation and expenses of the committee.
Art 8 Amendment and Termination
4.39.801 General purpose.
4.39.802 Amendment.
4.39.803 Termination.
4.39.804 Procedure.
4.39.805 Distribution upon events of termination.
Art 9 Miscellaneous
4.39.901 Trust for exclusive benefit of participants, former participants or their beneficiaries.
4.39.902 Relationship between employer and employee is not changed by this plan and trust.
4.39.903 Trust not guaranteed by employer.
4.39.904 Rights not transferable.
4.39.905 Rights and remedies limited.
4.39.906 Unenforceable provisions.
4.39.907 Failure to qualify.
4.39.908 Construction of the plan.
4.39.909 Plan and trust executed in counterparts.
4.39.910 Special rules relating to Veteran’s reemployment rights.
4.39.911 Type of plan
The City of Berkeley does hereby adopt the Supplementary Retirement and Income Plan III (the "plan"), effective as of January 1, 2005. The plan is a spin off of the assets and liabilities attributable to employees represented by the Berkeley Police Association ("police employees") participating in the City of Berkeley Supplementary Retirement and Income Plan II on or about December 31, 2004. (Ord. 6837-NS § 1 (part), 2005)