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HomeMy WebLinkAboutDocumentation_Pension Public Safety_Tab 07_11/06/2006HANSON, PERRY SL JENSEN, P.A. 4OD EXECUTIVE CENTER DRIVE, SUITE 2O7 -WEST PALM BEACH, FLORIDA 33401-2922 JILL HANSON* hanson®hpjlaw.com NN H. PERRY aperry®hpJlaw.com BONNI SPATARA JENSEN bsJansen~hpjlaw.com 'uso ADr~mEO w N.Y. September 29, 2006 V!A ELECTRONIC AND FIRST CLASS MAIL Monica Rahim Tequesta Village Hall Finance Department 250 Tequesta Drive, Suite 300 Tequesta, Florida 33469 mrahim tequesta.or9 TELEPHONE (561)686-6550 FACSIMILE (561) 686-2802 Re: The Village of Tequesta General Employees Pension Trust Fund Withdrawal of Employee Contributions Prior to • Termination of Employment with Village Our File No.: 1012.9000 Dear Monica: Pursuant to our telephone conversation, a member may receive a refund of contributions when no longer participating the employer's pension plan even though the member does not sever employment with the municipality. Based upon our conversation, the facts are as follows: An employee who participated in the General Employee Pension Plan has transferred into the Police Department. The employee is no longer eligible to participate in the general employee pension plan. The employee is eligible to participate and will participate in the Public Safety Pension Plan. The Internal Revenue Service has had a long standing Ruling that employees who no longer participate in a pension plan are eligible to take a refund of their employee contributions even while in service. Revenue Ruling 60-281, C.B. 1960-2, 146 and CCH, Pension and Payroll, Pension Plan Guide, Withdrawal of8enefits Prior to Retirement, ¶150 (2006 Online Version). • u Tequesta General Employees • Pension Trust Fund Refund of Contributions September 29, 2006 Page 2 If you have any questions, please do not hesitate to contact me. Sin_ cerely yours, V _ ~ ` n Bonni S. Jense E-Copy: Cheriman and Secretary Gwen Carlisle Betty Laur Jodi Forsythe C7 \ , ~ ~~ IRS CIRCULAR 230 NOTICE: To the extent that this message or any attachment concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law. H:\Tequesta GE 1012\Village\FINANCE\refund of contributions.wpd • • VII.LAGE OF TEQUESTA PUBLIC SAFETY OFFICERS' PENSION TRUST FUND ENROLLMENT AND BENEFICIARY DESIGNATION FORM • PLEASE CHECK WHICHEVER APPL~S TO YOU: Police Department Employee ~ fire Department Employee I, ~j/~--~ ~~~,D~,~ , do hereby request to participate in the Public Safety Officers' Pension Trust Fund of the Village of Tequesta on the date as of which I am eligible to begin participation under the terms of the Plan. I understand the General Provisions of the Plan as provided to me and agree to the Provisions of the Plan. In the event of my death prior to termination of employment, I hereby designate the following Beneficiary(ies) to receive my death benefit from the Plan: Name of Participant: ~tti~=,~ !~ ~'uy~~"~ Address: ~/;-rv C'~'r.~/~~,s ~ ~d.~yr ~ 'r ~~'~Z~~ s;:9- F/ ~~~L~ Date of Birth: ~ i'-~~~• ~ ?, Date of Employment: Primary Beneficiary: ~'~v ~'l~fJ- ~d~~~ Relationship: ~ ,~~.- Address: d/j~ ,,~__[~/i,Di~lAss~p ~.Q~U~ ~ '> Contingent Beneficiary(ies): Address: The right is reserved to revoke this designation and subject to due notice to the Trustee to designate a new beneficiary. Date Signed Social Security Number • Date Witnessed Signature of Witness: Plan Official Or Notary Public • VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS' PENSION TRUST FUND ENROLLMENT AND BENEFICIARY DESIGNATION FORM • PLEASE CHECK WHICHEVER APPLIES TO YOU: Police Department Employee ~ ~ ire Department Employee h~~Y-;~ k (1~ (~, ~ _ , do hereby request to participate in the Public Safety Officers' Pension Trust Fund of the Village of Tequesta on the date as of which I am eligible to begin participation under the terms of the Plan. I understand the General Provisions of the Plan as provided to me and agree to the Provisions of the Plan. In the event of my death prior to termination of employment, I hereby designate the following Beneficiary(ies) to receive my death benefit from the Plan: Name of Participant: ~.~,-i< i< ('~L Address: ~~~y ; F- L c(~_ F c,%~ ,<«:~~~7" Fr , '3'=/ `~ ~' ~ T Date of Birth: /~ /~ .~',;Z Date of Employment: /~ `C , ~- Primary Beneficiary: ~"~IF~< (~ 1•~7_ Relationship: ~J,r ~~C~- eSS: ~~ ~ ~/~iF'~Tf~~~ l7['-~C' / ~r'4E--~. Contingent Beneficiary(ies): Address: The right is reserved to revoke this designation and subject to due notice to the Trustee to designate a new beneficiary. Date Signed Signature of~Parti 'ant Social Security iVUn-uo~ Date Witnessed Signature of Witness: Plan Official Or Notary Public