RES 81140 - Laserfiche WebLink

10.4 10.5 Designation of Beneficiaries - Each participant shall have the right, by written notice to the employer, to designate beneficiaries to receive any benefit to which said participant may be entitled in the event of his death prior to the complete distribution of benefits. If no such designation is in effect on a participant's death, his beneficiary shall be his estate or if no executor or administrator is appointed within six (6) months after the participant's death, the employer shall direct said benefits to be paid to the beneficiary or beneficiaries designated in his last will, or if there be no will, then to the heirs at law of the participant. In the event of divorce, distribution will be made to the participant and/or spouse according to the terms of the divorce decree. 10.6 MISCELLANEOUS OTHER: 10.6(a) Deductions for Participant's contributions to retirement plans shall be made without reference to amounts deferred pursuant to the Plan, 10.6 (h) An ap~roved leave of absence with pay shall not affect agreements to participate in the Plan. i0.6(c) An approved leave of absence without pay shall be considered to be a temporary suspension of participation in the Plan. Participation shall be automatically reinstated as of the first day of the next Pay Period subsequent to the termination of such leave ofahsence status. I0.6(d) The Employer shall make no loa~s or advances to the Participant or Beneficiary based upon TDC Accounts, described herein, or upon any other obligations under the Plan. 10.6(e.) The Plan shall be binding upon the Employer, its successors and assigns, all Participants add Beneficiaries, and their heirs, and legal representatives. 10.6(f) As used in the Plan, the masculine or feminine or neuter gender, and the singular or plural number shall each be deemed to include the others unless the content clearly indicates otherwise. 10.6(g) Any notice or other connnunication required or permitted under the Plan shall be writing and, if directed to the Employer, shall be sent to the City Manager or his designated appointee at his principal office; and, if directed to a Participant or a Beneficiary, shall be sent to such Participant or Beneficiary, at his last- known address as it appears on the Employer's records. Such notice shall be deemed given when mailed.