Laserfiche WebLink
?lease sign and retain <br />For your plan records <br />CITY OF PLEASANTON <br />ACCUMULATION PROGRAM <br />FOR PART-TIME AND LIMITED SERVICE EMPLOYEES <br />("APPLE PLAN") <br />POST-EGTRRA AMENDMENT <br />Pursuant to Section 8.1 of the Accumulation Program for Part -Time and Limited <br />Service Employees (the "Plan"), the Employer named below hereby adopts this Post- <br />EGTRRA Amendment to the Plan to comply with various post-EGTRRA legislative and <br />regulatory requirements and guidance, and to make other appropriate modifications to the <br />Plan. This Amendment is an interim or "good faith" amendment that has not been <br />reviewed by the IRS, is not part of the pre -approved plan, and does not affect the <br />Employer's reliance on the pre -approved plan. This Post-EGTRRA Amendment shall be <br />Appendix B to the Plan. <br />APPENDIX B <br />ARTICLE 1 <br />PENSION PROTECTION ACT OF 2006 AND <br />WORKER, RETIREE AND EMPLOYER RECOVERY ACT OF 2008 <br />1.1 Non -Spouse Beneficiary Rollover of Death Benefit to Inherited IRA. <br />Effective for Plan Years beginning after December 31, 2009, a non -spouse <br />designated Beneficiary who qualifies as a "designated beneficiary" under Code section <br />401(a)(9)(E) may establish an individual retirement account under Code section 408(a) or <br />an individual retirement annuity under Code section 408(b) ("inherited IRA") into which <br />all or a portion of a death benefit to which such non -spouse Beneficiary is entitled may be <br />distributed from the Plan in a direct rollover. The distribution to such account or annuity <br />must otherwise qualify as an eligible rollover distribution under the Plan (but for the fact <br />that it is being paid to a non -spouse designated Beneficiary). The Plan may make a direct <br />rollover to an inherited IRA on behalf of a trust that qualifies as a designated beneficiary <br />under Code section 401(a)(9)(E). A death benefit distribution shall not be eligible for <br />rollover to an inherited IRA to the extent that such distribution is a required minimum <br />distribution under Code section 401(a)(9). <br />ARTICLE 2 <br />FINAL SECTION 415 REGULATIONS <br />2.1 Post -Severance Compensation Included in Compensation. <br />Effective for Limitation Years beginning more than 90 days after the close of the <br />first regular legislative session of the legislative body with authority to amend the Plan <br />