§ 13-55. Supplemental benefit component for special benefits; Chapter 175 share accounts.

There is hereby established an additional plan component to provide special benefits in the form of a supplemental retirement, termination, death and disability benefits to be in addition to the benefits provided for in the previous sections of the plan, such benefit to be funded solely and entirely by F.S. Chapter 175, premium tax monies for each plan year which are allocated to the supplemental component as provided for in F.S. § 175.351. Amounts allocated to this supplemental component ("Share Plan") shall be further allocated to the members and DROP participants in a manner to be agreed upon. As permitted by F.S. §175.351, this supplemental benefit component will only be funded if F.S. Chapter 175 premium tax monies are allocated to it.

(Ord. No. O-17-29 , § 8, 6-12-17)