HomeMy WebLinkAboutMember Memo 10-1-13_DC
MEMORANDUM
TO: Members of the Florida Municipal Pension Trust Fund (FMPTF)
FROM: The Administrator, Florida League of Cities, Inc.
RE: Amendment to the FMPTF 457(b) Deferred Compensation Plan and the 401(a) Defined
Contribution Plan
DATE: October 1, 2013
The FMPTF Board of Trustees adopted amendments to the FMPTF 457(b) Deferred Compensation and
the 401(a) Defined Contribution Plans at the September 26, 2013 meeting. The changes are effective
October 1, 2013 and incorporate various technical changes to bring the plan documents into compliance
with newly revised federal or state law requirements.
Additionally, for the 457(b) Plan, designated Roth contribution language has been included and will
allow participants to make after-tax contributions to deferred compensation plans. Employers must
specifically authorize designated Roth contributions.
We are developing administrative guidelines to incorporate these new services and will distribute the
information when it becomes available.
Should you have any questions about the plan documents or new offerings, please contact Jeff
Blomeley, Investment and Retirement Services Manager at 850-701-3614 or jblomeley@flcities.com.
301 S. Bronough St., P.O. Box 1757,
Tallahassee, FL 32302-1757
(850) 222-9684 – Fax (850) 222-3806