§ 12-21. Other post employment benefit trust

(a)

An other post-employment benefit ("OPEB") trust to provide for the above specified post-employment benefits of Participants of the City of Coral Springs is hereby established. The OPEB trust shall be for the exclusive benefit of participants.

(b)

The City Commission of the City of Coral Springs hereby expressly (i) authorizes joining the Florida Municipal Pension Trust Fund Master Trust Agreement as a party through a trust joinder agreement, (ii) authorizes the participation of the OPEB trust in the other post-employment benefit plan trust under the Florida Municipal Pension Trust Fund Master Trust Agreement, and (iii) authorizes the administration of the OPEB trust, and the investment of assets of the OPEB trust, within the procedures, policies and methods outlined in the Florida Municipal Pension Trust Fund's Master Trust Agreement, Investment Policy and Trust Joinder Agreement.

(c)

City Commission of the City of Coral Springs hereby empowers the mayor with the authority to execute such documents and agreements as are required for joining as a party the Florida Municipal Pension Trust Fund Master Trust Agreement and for participation in the Other Post-Employment Benefit Plan Trust under the Florida Municipal Pension Trust Fund Master Trust Agreement.

(Ord. No. 2008-103, §§ 2—4, 6-17-08)