POMPANO BEACH POLICE & FIREFIGHTERS' RETIREMENT
SYSTEM
SUMMARY PLAN DESCRIPTION
IMPORTANT NOTICE
There are certain circumstances which may result in the
disqualification, ineligibility, denial, loss, forfeiture, suspension or
deferral of your benefits in this Plan. The following is a non-inclusive
list of these circumstances:
1. If you terminate employment before reaching the
Normal or Early Retirement Date and you do not have enough Credited
Service to have earned a vested interest, no benefits will be payable
except for a return of your own contributions with interest.
2. No credit is allowed either for benefit accrual or
vesting purposes for any period in which you are not considered a
full-time employee.
3. Your retirement benefit will not be payable until
actual retirement date, even if you continue to work beyond the Normal
Retirement Date. Please note, however, that if you elect to participate
in the DROP, your benefit will be payable, but only to your DROP account.
4. In the event that this Plan terminates and the
available Plan assets are less than the value of all Accrued Benefits,
then your Accrued Benefit may be reduced.
5. Your Accrued Benefit may be forfeited if you are convicted of
certain felonies as provided by State law (Chapter 112.3173 F.S.).
6.
Your Accrued Benefit may be
forfeited in the event that you are convicted of a
misdemeanor of the first degree as provided by State law (Sections
775.082 or 775.083) relating to false, fraudulent or
misleading information to obtain any benefit from the Plan. Conviction
includes a determination of guilt as a result of plea or trial,
regardless of whether adjudication is withheld.
7. Payment of your benefits may be
subject to an income deduction order made pursuant to a state domestic
relations law.
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