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NACo SUNNARY OF PLAN DOCUMENT CHANGES <br /> <br />DEFINITIONS <br /> <br />ClariFication Employer: Includes "above referenced county: instead <br /> of restating county's name. <br /> <br />Clarification Includible compensation - Include all IRC provisions <br /> required by law including 403{b) contributions, 401{k), <br /> and SEP deferrals. <br /> <br />Clarification IRC - Now refers to IRC oF 1986 as in effect or amended <br /> instead oF 1954 Code. <br /> <br />Clarification Normal Retirement age - Revised to clearly state that <br /> it is the age as specified by the Participant pursuant <br /> to the Employer's Retirement System. <br /> <br />ClariFication Participant - "Individual" changed to "'Public <br /> Employee". <br /> <br />Clarification Participant Agreement - No longer refers to application <br /> of Administrator as the "Consent to Compensation <br /> change". <br /> <br />Clarification Public Employee - New definition. This term not <br /> previously included but defines eligible individuals for <br /> deferred compensation. <br /> <br />Clarification Separation from Service - Includes optional independent <br /> contractor provisions for rendering service. <br /> <br />ARTICLES <br /> <br />Article II 2.02 - Language change. <br /> <br />Clarification 2.03(a) - Includes the timing of the effective date of <br /> deferral increases filed with the Administrator. <br /> <br /> 2.03(b) - Language has been included to address the <br /> abilities of the Beneficiary to make changes to <br /> participant's investment specification. <br /> <br />Reformatted 2.04 - Deleted language that participant can not defer <br /> after age 70. <br /> <br />Bill 2.06 - Language added to address the coordination of <br /> deferrals. Other plans including 401(k), SEP, and <br /> 501(c)(18) trusts effective 1/1/89. <br /> <br /> <br />