City of Gainesville - File #: 211236.

• File #: 211236.
• Version: 1
• Type: Discussion Item
• Status: Pending In Committee
• File created: 5/12/2022
• In control: Board of Trustees of the Consolidated Police & Fire Retirement Plan
• On agenda: 5/25/2022
• Title: Vested Terminated Member Benefit Eligibility

Date	Ver.	Action By	Action	Result
6/22/2022	1	Board of Trustees of the Consolidated Police & Fire Retirement Plan	Postponed
5/25/2022	1	Board of Trustees of the Consolidated Police & Fire Retirement Plan	Postponed

Title

Vested Terminated Member Benefit Eligibility

Recommendation:

Chairman Dugan requested that the Board discuss the Plan's benefit eligibility age requirement for vested terminated members, and review the benefit application process for vested terminated members once eligibility age has been reached. The Chairman also requested a discussion of whether a vested terminated benefit should be effective from the date a member becomes age eligible, even if the application for the benefit doesn't occur until later.