Pompano Beach Police Department

POMPANO BEACH POLICE & FIREFIGHTERS' RETIREMENT SYSTEM
2335 East Atlantic Blvd., Suite 400
Pompano Beach, FL 33062
Phone (954) 782-4161 - Fax (954) 782-5784


Pompano Beach Fire Rescue
 


 

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POMPANO BEACH POLICE & FIREFIGHTERS' RETIREMENT SYSTEM

SUMMARY PLAN DESCRIPTION

TERMINATION OF THE PLAN

 

            If the Plan is terminated or if the Employer completely discontinues making contributions, you will immediately become fully vested in the benefit you have earned.  All of the assets of the Plan would then be allocated to the Members according to certain classes of priority.  Only after all accrued benefits have been paid and any other liabilities have been satisfied can any remaining money be returned to the Employer.   Termination of the Plan will have no effect on your then DROP account balance.