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HomeMy WebLinkAbout2007-06-19-Meeting AgendaCommissionMeetingAgenda CommissionChamber 6/19/2007 2:00PM INVOCATION: ReverendDavidKruse,OurRedeemerLutheranChurch PLEDGEOFALLEGIANCETOTHEFLAGOFTHEUNITEDSTAT ESOFAMERICA. RECOGNITION(S) EmployeeoftheMonth A.Mr.RandyBlount,AugustaUtilitiesDepartment MayEmployeeoftheMonth Attachments Retirements B.Ms.AnnLark,ExecutiveSecretary,AugustaTransit Department, 25yearsofservice. Ms. Mary Jo McNeely, License Clerk, License & Inspe ctions Department,24yearsofservice Attachments Five(5)minutetimelimitperdelegation DELEGATIONS C.Ms.JaniceJenkins.RE:CommunityAffairs/HydePar k Attachments D.Ms.LynnReed,PresidentBuckheadNeighborhoodAsso ciation. RE:Interstatemowing/litter/clean-upofdebris. Attachments CONSENTAGENDA (Items1-42) PLANNING 1.Z-07-62–ArequestforconcurrencewiththeAugust a-Richmond CountyPlanningCommissiontoAPPROVEapetitionby Russell Waites and Larry Doolittle, on behalf of Evelyn and Edward Sikes,requestingachangeofzoningfromZoneR-1 (One-family Residential) to Zone R-1C (One-family Residential) affecting propertycontainingapproximately15acresandist heremaining portionof3745OldWaynesboro.(TaxMap170-2,Parcel054) DISTRICT8 Attachments 2.Z-07-63–ArequestforconcurrencewiththeAugust a-Richmond CountyPlanningCommissiontoAPPROVEapetitionby Spiro Papadopoulas requesting a change of zoning from Zon e R-1C (One-familyResidential)andZoneB-1(NeighborhoodBusiness) toZoneB-2(GeneralBusiness)affectingpropertycontaining 1.63 acresandknownunderthepresentnumberingsystem as107,109, 111,113,115&117CherryStreet.(TaxMap011Par cels008, 009,010,011,012&013)DISTRICT7 Attachments 3.Z-07-64–ArequestforconcurrencewiththeAugust a-Richmond CountyPlanningCommissiontoAPPROVEapetitionby Brian Besson,onbehalfofScottD.Gunter,requestingch angeofzoning fromZoneA(Agriculture)toZoneLI(LightIndustr y)affecting propertycontaining1.5acreslocatedontheeastr ight-of-wayline ofMikePadgettHighway,810feet,moreorless,so uthofSuffolk Drive.(TaxMap099-3Partofparcels011&014)DI STRICT2 Attachments 4.FINALPLAT–AUBERNATSANDRIDGE–S-756–Arequest for concurrence with the Augusta-Richmond County Planning CommissiontoAPPROVEapetitionbyH.LawsonGraha m& Associates, on behalf of MarshallHomes, LLC, reques ting final plat approval for the Aubern at Sandridge.This res idential subdivisionislocatedonPepperdineDrive,atthe terminusand contains15lots.(Reviewingagencyapproval5-31-0 7) Attachments 5.FINALPLAT–THERESERVES,PHASEII–S-659-II-REV – A request for concurrence with the Augusta-Richmond County PlanningCommissiontoAPPROVEapetitionbyJames G.Swift & Associates,on behalf of Peter Budwick, Paramount Homes, requesting final plat approval for the Reserves, Ph ase II.This residentialdevelopmentinlocatedonReservesLane ,adjacentto theReserves,PhaseIandadds17lots. Attachments 6.FINALPLAT–GRANITEHILL,SECTION5(FKABARNETT CROSSING,SECTION5)–S-748–Arequestforconcurrence with the Augusta-Richmond County Planning Commission to APPROVE a petition by Southern Partners Inc., on be half of Crowell&Co.Inc.,requestingfinalplatapproval forGraniteHill, Section 5.This residential subdivision is located on Madison Lane, adjacent to Barnett Crossing, Section 4 and B uckhead Section5-Aandcontains63lots. Attachments 7.FINAL PLAT - LOTS 1-8, MADRID DRIVE,GORDON WOODSEXPANSION,PHASEI–S-2007-002–Arequestfor concurrence with the Augusta-Richmond County Planning Commission to APPROVE a petition by Promise Land CommunityDevelopmentrequestingfinalplatapprova lforLots 1-8 Madrid Drive, Gordon Woods Expansion Phase I.Thi s residentialsubdivisionislocatedonMadridDrive atLuxemborg Drive.(PendingCityEngineerApprovalby6-19-07) Attachments 8.FINAL PLAT –AYLESBURY COMMONS, PH. II (FKA AYLESBURY LANDING) – S-710-II –A request for concurrence with the Augusta-Richmond County Planning CommissiontoAPPROVEapetitionbyGeorgeL.Godma n& Associates,onbehalfofLPBProperties,Inc.,requ estingfinalplat approval for Aylesbury Commons, Phase II.This resi dential subdivisionislocatedonAylesburyDrive,adjacent toAylesbury, PhaseIandcontains50lots. Attachments 9.Z-07-53–ArequestforconcurrencewiththeAugust a-Richmond Attachments CountyPlanningCommissiontoAPPROVEapetitionby Robert ShearerrequestingachangeofzoningfromZoneA(Agriculture) to Zone LI (Light Industry) affecting property cont aining approximately6.5acresandknownunderthepresent numbering systemas2337GordonHighway.(PartofTaxMap067 Parcel 004).DISTRICT3 10.Z-07-55–ArequestforconcurrencewiththeAugust a-Richmond CountyPlanningCommissiontoAPPROVEapetitionby James Kirk, Sr., on behalf of Debora Benson, requesting a Special ExceptiontoestablishaFamilyPersonalCareHome perSection 26-1(H)oftheComprehensiveZoningOrdinancefor Augusta- RichmondCountyaffectingpropertycontaining1.83a cresandis known under the present numbering system as 4919 Mc Combs Road.(TaxMap353Parcel022-01)DISTRICT8 Attachments 11.Z-07-56–ArequestforconcurrencewiththeAugust a-Richmond County Planning Commission to APPROVE with the cond ition that there be only one residential unit in addition to the professionaluseinthebuilding;apetitionbyDou glasDay,on behalfofMarthaP.Toole,requestingaSpecialExc eptiontoallow aresidentialuseinaP-1(Professional)Zoneper Section20-2(b) oftheComprehensiveZoningOrdinanceforAugusta-Richmond Countyaffectingpropertycontaining.09acresand isknownunder thepresentnumberingsystemas349GreeneStreet(Taxmap047- 2Parcel260)DISTRICT1 Attachments 12.Z-07-58–ArequestforconcurrencewiththeAugust a-Richmond CountyPlanningCommissiontoAPPROVEapetitionby Chawan Cooper, on behalf of MDI Properties, a Special Exce ption to establishaFamilyDayCareHomeperSection26-1(f)ofthe ComprehensiveZoningOrdinanceforAugusta-RichmondCounty affecting property containing .37 acres and known u nder the present numbering system as 2811 Ridgeview Drive (T ax Map 039Parcel154)DISTRICT3 Attachments 13.Z-07-59–ArequestforconcurrencewiththeAugust a-Richmond County Planning Commission to APPROVE with the cond ition Attachments that the zoning be for the specific development of a “Fred’s”: store; a petition by James and Marianna Daskal requ esting a Special Exception in a B-1 (Neighborhood Business) zone to allow a commercial building that would exceed 15,00 0 gross squarefeetofareaperSection21-2oftheComprehensiveZoning Ordinance for Augusta-Richmond County affecting property containing1.48acresandisknownas2872Tobacco Road.(Tax Map128;Parcel014-02)DISTRICT8 14.Z-07-61–ArequestforconcurrencewiththeAugust a-Richmond CountyPlanningCommissiontoAPPROVEapetitionby Lehman Lord,onbehalfofBenjaminN.Murray,requestinga changeof zoning from Zone B-2 (General Business) to Zone LI (Light Industry)affectingpropertycontaining1.00acres andisknown underthepresentnumberingsystemas2029GordonH ighway. (PartofTaxMap069Parcel027)DISTRICT5 Attachments PUBLICSERVICES 15.Motionto approve aNewOwnershipApplication:A.N.07-27: A request by Falgini Patel for a retail package Beer & Wine licensetobeusedinconnectionwith JBFoodMart locatedat 3040MeadowbrookDr.Distirct5.SuperDistrict9.(Approved byPublicServicesCommitteeJune11,2007) Attachments 16.Motionto approve aNewOwnershipApplication:A.N.07-28: A request by Luciana Martin for an on premise consu mption Liquor,Beer&Wine licensetobeusedinconnectionwithLuci's Loungelocatedat2075OldSavannahRd.Therewill beDance subject to the monitoring of the business for probl ems with loitering. District 2. Super District 9.(Approved by Public ServicesCommitteeJune11,2007) Attachments 17.Motionto approveaNewOwnershipApplication:A.N.07-29: ArequestbyLucianaMartinforaretailpackage Liquor,Beer& WinelicensetobeusedinconnectionwithCornerStop Liquor Storelocatedat2075OldSavannahRdsubjecttoth emonitoring ofbusinessforproblemswithloitering.District 2.SuperDistrict Attachments 9.(ApprovedbyPublicServicesCommitteeJune11,200 7) 18.Motionto approve aNewApplication:A.N.07-30:Arequest byMichaelAnglinforanonpremiseconsumption Liquor,Beer & Wine license to be used in connection with Tipsey McStumbles, LLC located at 214 Seventh St. There w ill be Dance.District1.SuperDistrict9.(ApprovedbyPublicServices CommitteeJune11,2007) Attachments 19.Motionto approveaNewApplication:A.N.07-25:Arequest by Emily D. Watkins for an on premise consumption Liquor, Beer&Wine licensetobeusedinconnectionwiththe RedLion Publocatedat 1936WaltonWay .TherewillbeDance.District 1. Super District9.(ApprovedbyPublic Services Committee June11,2007) Attachments 20.MotiontoapproveaNewOwnershipApplication:A.N .07-26: ArequestbyCholA.Yuforaretailpackage Liquor,Beer& Winelicense to be used in connection with Overpass Pac kage locatedat 3745PeachOrchardRd.District6.SuperDistrict10. (ApprovedbyPublicServicesCommitteeJune11,200 7) Attachments 21.Motion to approvethe use of internet auction service and authorizetheadministratortosigntheagreementb etweenAugusta andGovDeals.com.(ApprovedbyPublicServicesCommittee June11,2007) Attachments 22.Motion to approvechange order to contract with J & B Construction andServices,Inc. forunforeseendemo litionwork associatedwiththe CandyFactorysubject to there viewofthe contract. (Approved by Public Services Committee June 11, 2007) Attachments ADMINISTRATIVESERVICES 23.Motionto approveRetirementofMs.MaryJoMcNeelyunderthe 1977 Pension Plan.(Approved by Administrative Services CommitteeJune11,2007) Attachments PUBLICSAFETY 24.Motionto approve continuingthecontractwithGoldCrossforan additional year at the same cost.(Approved by Public Safety CommitteeJune11,2007) Attachments 25.Motion to approvethe selection of Shulman, Rogers, Gandal, Pordy&Ecker,P.A.,forRFQItem#07-119,LegalServicesfor RebandingProcessfor800MHzRadioFrequencies.(Approved byPublicSafetyCommitteeJune11,2007) Attachments FINANCE 26.Motiontoapprovetheawardofthecontracttomode rnizethethree MunicipalBuildingtractionelevatorstothelowbi dder,Premier Elevator,withabasebidof$398,747.00andAddAl ternate1,an additional $13,959.00, for a total of $412,706.00 t o be funded from SPLOST Phase III. Also, award the annual main tenance contract for these same three elevators to Premier at the completionoftheworkintheamountof$11,970.00 forthefirst year,$12,497.00forthesecondyearand$13,247.00 forthethird year,tobefundedfromtheannualGeneralFundope ratingbudget for the Municipal Building .(Approved by Finance and EngineeringServicesCommitteesJune11,2007) Attachments 27.Motionto approveGeorgiaAdministrativeServices(GAS)asthe Third Party Administrator (TPA) for Augusta, GA’s W orkers’ Compensationclaims.(ApprovedbyFinanceCommitteeJune 11,2007) Attachments 28.Motionto approvetheacquisitionofonehydraulicexcavatorfor the Utilities Department-Construction Division from Stafford Equipment, Inc. of Lawrenceville, Georgia for $71,7 25.00 Attachments (Lowest bid offer on bid 07-093).(Approved by Finance CommitteeJune11,2007) ENGINEERINGSERVICES 29.Motionto authorizecondemnationofaportionofProperty#052- 0-115-00-0 3910 Carolyn Street, which is owned by Eugene Burley,for499.6Sq.FeetofTemporaryEasement.PWProject: Belair Hills Subdivision Improvement Project.(Approved by EngineeringServicesCommitteeJune11,2007) Attachments 30.Motionto authorizecondemnationofaportionofProperty#052- 0-165-00-03915CarolynStreetandProperty#052-0 -166-0-00 3917CarolynStreet,whichisownedbyEvelynV.Wa lkerTurner, for2,999.58Sq.FeetofTemporaryEasement.PWPr oject:Belair Hills Subdivision Improvement Project.(Approved by EngineeringServicesCommitteeJune11,2007) Attachments 31.Motionto authorizecondemnationofaportionofProperty#015- 0-099-00-0LincolnStreet,whichisownedbyMattriceMatthe w Scott,Jr.,JoanScottRuff,andJobynaM.Scott,f or995Sq.Feet ofRightofWayand509Sq.FeetofTemporaryEasem ent.PW Project: Belair Hills Subdivision Improvement Proje ct. (ApprovedbyEngineeringServicesCommitteeJune11 ,2007) Attachments 32.Motionto authorizecondemnationofaportionofProperty#051- 0-039-00-0PowellRoad,whichisownedbyMattriceMatthew Scott, Jr.; Joan Scott Ruff; Jobyna M. Scott; Esthe r Lee; and Robert Gabriel, for 924 Sq. Feet of Permanent Easem ent and 1,412Sq.FeetofTemporaryEasement.PWProject:BelairHills Subdivision Improvement Project.(Approved by Engineering ServicesCommitteeJune11,2007) Attachments 33.Motionto authorizecondemnationofaportionofProperty#051- 0-240-00-03943BarrettStreet,whichisownedbyPioneers,Inc. (5/6Interest)andDorothyDicks(1/6Interest),fo r1,000Sq.Feet of Temporary Easement. PW Project: Belair Hills Su bdivision Attachments Improvement Project.(Approved byEngineering Services CommitteeJune11,2007) 34.Motionto authorizecondemnationofaportionofProperty#051- 0-079-00-01706 OrangeAvenue, whichisownedbyPioneers, Inc.,for3,413Sq.FeetofPermanentEasementand 2,296Sq.Feet of Temporary Easement. PW Project: Belair Hills Su bdivision Improvement Project.(Approved by Engineering Services CommitteeJune11,2007) Attachments 35.Motionto authorizecondemnationofaportionofProperty#051- 0-078-00-01708 OrangeAvenue, whichisownedbyPioneers, Inc.,for2,539Sq.FeetofPermanentEasementand 3,632Sq.Feet of Temporary Easement. PW Project: Belair Hills Sub division Improvement Project .(Approved by Engineering Services CommitteeJune11,2007) Attachments 36.Motionto authorizecondemnationofaportionofProperty#052- 0-088-00-03920BarrettStreet,whichisownedbyRayburnKa rl WhighamandMarjorieG.WhighamDesir,for633Sq.Feetof PermanentEasementand663Sq.FeetofTemporaryEa sement. PW Project: Belair Hills Subdivision Improvement Pr oject. (ApprovedbyEngineeringServicesCommitteeJune11 ,2007) Attachments 37.Motionto approveCapitalProjectBudgetChangeNumberOne (324-04-201824110)andSupplementalAgreementOnewithURS Corporationintheamountof$580,737.58toprovide subsurface utilityevaluationanddesignplansfortheBroadS treetportionof thedowntowntrafficsignalandstreetlightupgrade project.Funds are available in SPLOST Phase IV in the project con tingency account.(ApprovedbyEngineeringServicesCommitteeJune 11,2007) Attachments 38.Motion to approve the deeds of dedication, maintenance agreements,androadresolutionsubmittedbytheEn gineering,and Augusta Utilities Departments for Hancock Mill Plan tation, Attachments SectionTwo.(ApprovedbyEngineeringServicesCommittee June11,2007) 39.Motionto approveProposalfromMidwestMaintenanceInc.,to Execute Exterior Renovations to the Municipal Build ing, including re-roofing, resealing cladding and replacement of existingwindowsinaccordancewithRFP07-125.(Approvedby EngineeringServicesCommitteeJune11,2007) Attachments 40.Motion to approve an Option for Easement between ATC DevelopmentCorp.,asowner,andAugusta,Georgia,asoptionee, in connection with the 60112 Rae's Creek Trunk Sewe r Replacement, Phase IV for the following:(Approved by EngineeringServicesCommitteeJune11,2007) PIN 031-4-120-00-0: 6,203 sq. ft., more or less, of permanent utility,accessandmaintenanceeasementand5,624 sq.ft.,moreor less,oftemporaryconstructioneasement;and PIN 031-4-121-00-0: 374 sq. ft., more or less, of permanent utility,accessandmaintenanceeasementand1,238 sq.ft.,moreor less,oftemporaryconstructioneasement;and PIN 031-4-128-00-0: 6,077 sq. ft., more or less, of permanent utility,accessandmaintenanceeasementand5,529 sq.ft.,moreor less,oftemporaryconstructioneasement;and PIN 031-4-129-00-0: 1,213 sq. ft., more or less, of permanent utility,accessandmaintenanceeasementand972sq .ft.,moreor less,oftemporaryconstructioneasement;and PIN 031-4-130-00-0: 9,353 sq. ft., more or less, ofpermanent utility,accessandmaintenanceeasementand8,140 sq.ft.,moreor less,oftemporarycostructioneasement; foratotalpurchasepriceof$27,521.00. Attachments 41.Motion to approveSupplemental Agreement Number Five (5) withPBS&Jintheamountof$77,000forevaluatio nofpotential Attachments sources of contamination associated with undergroun d storage tanksandhazardouswastesitesconcerningtheWrig htsboroRoad ImprovementsfromJimmieDyessParkwaytoI-520,CP B#323- 04-296823309.FundswillbetransferredfromtheProje ctRightof WayAccounttotheProjectEngineeringAccount.(Approvedby EngineeringServicesCommitteeJune11,2007) PETITIONSANDCOMMUNICATIONS 42.Motion to approve the minutes of the regular meetin g of the AugustaCommissionheldJune5,2007. Attachments ****ENDCONSENTAGENDA**** AUGUSTACOMMISSION 6/19/2007 AUGUSTACOMMISSION REGULARAGENDA 6/19/2007 (Items43-51) ADMINISTRATIVESERVICES 43.Discuss the County Attorney's breach of the confide ntiality of acity employee'sEEO complaint.(RequestedbyComm issioner MarionWilliams) Attachments 44.Update from the Administrative Services Recreation Study Subcommitteeregardingtheinvestigativeprocessre lativetothe recentreportsoftheft,drugs,andcellphonesreg ardingRCCIand RecreationDepartments. Attachments ENGINEERINGSERVICES 45.Motion to approve GDOT Right of Way Mowing and Attachments MaintenanceAgreementforplantingsandbeautificat iononDoug BarnardParkway. ATTORNEY 46.Anordinancetoamendandrestatethe1945Richmond Employees Pension Fund Act and any amendments thereafter toc omply withtheInternalRevenueServiceLawsandRegulati ons;torepeal all ordinances or parts or ordinances in conflict w ith this ordinance. Attachments 47.AnordinancetoamendandrestateOrdinanceNo.665 6,adopted February 20, 2002, the "1949 City of Augusta 1949 G eorgia RetirementFund",hereinafterreferredtoasthe"P lan",soasthe tocomply withthe Internal Revenue Service Laws an d Regulations; to repeal conflicting ordinances or pa rts of ordinancesinconflictwiththisordinance. Attachments 48.AnordinancetoamendandrestateOrdinanceNumber 6655,the "1977RichmondEmployeesPensionFund",hereinafte rreferred to as the "Plan " and amendments thereto tocomply withthe Internal Revenue Service Laws and Regulations; to r epeal any ordinancesorpartsofordinancesinconflictwith thisordinance. Attachments 49.MotiontoapproveanOrdinancetoamendandrestate theCodeof AugustaRichmondCountyregardingtheoperationof amotorized cartinapublicstreet,road,orhighway;tocorre ctanerrortoa referencetotheO.C.G.A.;andtorepealanyconfli tingordinances. Attachments OTHERBUSINESS 50.Discuss the Commission's censure of Commissioner Ca lvin Holland.(RequestedbyCommissionerMarionWilliams ) Attachments LEGALMEETING A.PendingandPotentialLitigation. UpcomingMeetings www.augustaga.gov B.RealEstate. C.Personnel. 51.Motion to approve execution by the Mayor of the aff idavit of compliancewithGeorgia'sOpenMeetingAct. CommissionMeetingAgenda 6/19/20072:00PM Invocation Department: caption2:ReverendDavidKruse,OurRedeemerLutheranChurch Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 1 CommissionMeetingAgenda 6/19/20072:00PM EmployeeoftheMonth Department:ClerkofCommission caption2:Mr.RandyBlount,AugustaUtilitiesDepartment MayEmployeeoftheMonth Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 2 CommissionMeetingAgenda 6/19/20072:00PM Retirements Department: caption2:Ms.AnnLark,ExecutiveSecretary,AugustaTransit Department,25yearsofservice. Ms.MaryJoMcNeely,LicenseClerk,License&Inspe ctions Department,24yearsofservice Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 3 CommissionMeetingAgenda 6/19/20072:00PM JaniceJenkins Department: caption2:Ms.JaniceJenkins.RE:CommunityAffairs/HydePar k Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 4 Attachment number 1 Page 1 of 1 Item # 4 CommissionMeetingAgenda 6/19/20072:00PM LynnReed Department: caption2:Ms.LynnReed,PresidentBuckheadNeighborhood Association.RE:Interstatemowing/litter/clean-u pofdebris. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 5 Attachment number 1 Page 1 of 1 Item # 5 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-62–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyRussellWaitesandLarryDoolittle,on behalfof EvelynandEdwardSikes,requestingachangeofzon ing fromZoneR-1(One-familyResidential)toZoneR-1C (One- familyResidential)affectingpropertycontaining approximately15acresandistheremainingportion of3745 OldWaynesboro.(TaxMap170-2,Parcel054)DISTRIC T8 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 6 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-63–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbySpiroPapadopoulasrequestingachange of zoningfromZoneR-1C(One-familyResidential)and Zone B-1(NeighborhoodBusiness)toZoneB-2(General Business)affectingpropertycontaining1.63acres and knownunderthepresentnumberingsystemas107,10 9,111, 113,115&117CherryStreet.(TaxMap011Parcels 008, 009,010,011,012&013)DISTRICT7 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 7 Cover Memo Item # 7 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-64–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyBrianBesson,onbehalfofScottD.Gun ter, requestingchangeofzoningfromZoneA(Agricultur e)to ZoneLI(LightIndustry)affectingpropertycontain ing1.5 acreslocatedontheeastright-of-waylineofMike Padgett Highway,810feet,moreorless,southofSuffolk Drive.(TaxMap099-3Partofparcels011&014) DISTRICT2 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 8 Cover Memo Item # 8 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:FINALPLAT–AUBERNATSANDRIDGE–S-756–A requestforconcurrencewiththeAugusta-RichmondC ounty PlanningCommissiontoAPPROVEapetitionbyH.Law son Graham&Associates,onbehalfofMarshallHomes,LL C, requestingfinalplatapprovalfortheAubernat Sandridge.Thisresidentialsubdivisionislocated on PepperdineDrive,attheterminusandcontains15 lots.(Reviewingagencyapproval5-31-07) Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 9 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:FINALPLAT–THERESERVES,PHASEII–S-659-II- REV–ArequestforconcurrencewiththeAugusta- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyJamesG.Swift&Associates,onbehalf ofPeter Budwick,ParamountHomes,requestingfinalplatapp roval fortheReserves,PhaseII.Thisresidentialdevelo pmentin locatedonReservesLane,adjacenttotheReserves,PhaseI andadds17lots. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 10 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:FINALPLAT–GRANITEHILL,SECTION5(FKA BARNETTCROSSING,SECTION5)–S-748–Arequest forconcurrencewiththeAugusta-RichmondCounty PlanningCommissiontoAPPROVEapetitionbySouthe rn PartnersInc.,onbehalfofCrowell&Co.Inc.,req uesting finalplatapprovalforGraniteHill,Section5.Th is residentialsubdivisionislocatedonMadisonLane,adjacent toBarnettCrossing,Section4andBuckheadSection 5-A andcontains63lots. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 11 Cover Memo Item # 11 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:FINALPLAT-LOTS1-8,MADRIDDRIVE,GORDON WOODSEXPANSION,PHASEI–S-2007-002–Arequest forconcurrencewiththeAugusta-RichmondCounty PlanningCommissiontoAPPROVEapetitionbyPromis e LandCommunityDevelopmentrequestingfinalplat approvalforLots1-8MadridDrive,GordonWoods ExpansionPhaseI.Thisresidentialsubdivisionis locatedon MadridDriveatLuxemborgDrive.(PendingCityEngi neer Approvalby6-19-07) Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 12 Cover Memo Item # 12 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:FINALPLAT–AYLESBURYCOMMONS,PH.II(FKA AYLESBURYLANDING)–S-710-II–Arequestfor concurrencewiththeAugusta-RichmondCountyPlanni ng CommissiontoAPPROVEapetitionbyGeorgeL.Godma n &Associates,onbehalfofLPBProperties,Inc.,re questing finalplatapprovalforAylesburyCommons,PhaseII .This residentialsubdivisionislocatedonAylesburyDri ve, adjacenttoAylesbury,PhaseIandcontains50lots . Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 13 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-53–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyRobertShearerrequestingachangeofz oning fromZoneA(Agriculture)toZoneLI(LightIndustr y) affectingpropertycontainingapproximately6.5acr esand knownunderthepresentnumberingsystemas2337Go rdon Highway.(PartofTaxMap067Parcel004).DISTRI CT3 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 14 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-55–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyJamesKirk,Sr.,onbehalfofDeboraBe nson, requestingaSpecialExceptiontoestablishaFamil yPersonal CareHomeperSection26-1(H)oftheComprehensive ZoningOrdinanceforAugusta-RichmondCountyaffecti ng propertycontaining1.83acresandisknownundert he presentnumberingsystemas4919McCombsRoad.(Tax Map353Parcel022-01)DISTRICT8 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 15 Cover Memo Item # 15 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-56–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEwith theconditionthattherebeonlyoneresidentialun itin additiontotheprofessionaluseinthebuilding;a petitionby DouglasDay,onbehalfofMarthaP.Toole,requesti nga SpecialExceptiontoallowaresidentialuseinaP -1 (Professional)ZoneperSection20-2(b)ofthe ComprehensiveZoningOrdinanceforAugusta-Richmond Countyaffectingpropertycontaining.09acresand isknown underthepresentnumberingsystemas349GreeneSt reet (Taxmap047-2Parcel260)DISTRICT1 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Cover Memo Item # 16 ClerkofCommission Cover Memo Item # 16 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-58–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyChawanCooper,onbehalfofMDIPropert ies,a SpecialExceptiontoestablishaFamilyDayCareHo meper Section26-1(f)oftheComprehensiveZoningOrdina ncefor Augusta-RichmondCountyaffectingpropertycontaini ng.37 acresandknownunderthepresentnumberingsystem as 2811RidgeviewDrive(TaxMap039Parcel154)DISTR ICT 3 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 17 Cover Memo Item # 17 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-59–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEwith theconditionthatthezoningbeforthespecificd evelopment ofa“Fred’s”:store;apetitionbyJamesandMaria nna DaskalrequestingaSpecialExceptioninaB-1 (NeighborhoodBusiness)zonetoallowacommercial buildingthatwouldexceed15,000grosssquarefeet ofarea perSection21-2oftheComprehensiveZoningOrdinancefor Augusta-RichmondCountyaffectingpropertycontaini ng 1.48acresandisknownas2872TobaccoRoad.(Tax Map 128;Parcel014-02)DISTRICT8 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Cover Memo Item # 18 ClerkofCommission Cover Memo Item # 18 CommissionMeetingAgenda 6/19/20072:00PM PlanningCommission Department:PlanningCommission caption2:Z-07-61–ArequestforconcurrencewiththeAugust a- RichmondCountyPlanningCommissiontoAPPROVEa petitionbyLehmanLord,onbehalfofBenjaminN. Murray,requestingachangeofzoningfromZoneB-2 (GeneralBusiness)toZoneLI(LightIndustry)affe cting propertycontaining1.00acresandisknownundert he presentnumberingsystemas2029GordonHighway.(P artof TaxMap069Parcel027)DISTRICT5 Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 19 CommissionMeetingAgenda 6/19/20072:00PM AlcoholApplication Department:License&Inspections caption2:Motionto approve aNewOwnershipApplication:A.N.07 -27:ArequestbyFalginiPatelforaretailpacka ge Beer& Winelicensetobeusedinconnectionwith JBFoodMart locatedat 3040MeadowbrookDr.Distirct5.SuperDistrict 9.(ApprovedbyPublicServicesCommitteeJune11, 2007) Background:Thisisanewwownershipapplication.Formerlyint hename ofJamesFedor. Analysis:TheapplicantmeetstherequirementsoftheAugusta RichmondCountyAlcoholOrdinance. FinancialImpact:Theapplicantwillapyafeeof$1210.00. Alternatives: Recommendation:License&Inspectionsrecommendsapproval.TheRCSD recommendsapproval. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 20 Cover Memo Item # 20 Attachment number 1 Page 1 of 2 Item # 20 Attachment number 1 Page 2 of 2 Item # 20 CommissionMeetingAgenda 6/19/20072:00PM AlcoholApplication Department:License&Inspections caption2:Motionto approve aNewOwnershipApplication:A.N.07 -28:ArequestbyLucianaMartinforanonpremise consumption Liquor,Beer&Wine licensetobeusedin connectionwithLuci'sLoungelocatedat2075OldS avannah Rd.TherewillbeDancesubjecttothemonitoringo fthe businessforproblemswithloitering.District2.S uper District9.(ApprovedbyPublicServicesCommitteeJune 11,2007) Background:Thisisanewownershipapplication.Formerlyinth enameof WilliamJenkins. Analysis:TheapplicantmeetstherequirementsoftheAugusta RichmondCountyAlcoholOrdinance. FinancialImpact:Theapplicantwillpayafee$4345.00. Alternatives: Recommendation:License&Inspectionsrecommendsapproval.TheRCSD recommendsapproval. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Cover Memo Item # 21 Administrator. ClerkofCommission Cover Memo Item # 21 Attachment number 1 Page 1 of 2 Item # 21 Attachment number 1 Page 2 of 2 Item # 21 CommissionMeetingAgenda 6/19/20072:00PM AlcoholApplication Department:License&Inspections caption2:Motionto approveaNewOwnershipApplication:A.N.07 -29:ArequestbyLucianaMartinforaretailpack age Liquor,Beer&Wine licensetobeusedinconnectionwith CornerStopLiquorStorelocatedat2075OldSavann ahRd subjecttothemonitoringofbusinessforproblems with loitering.District2.SuperDistrict9.(ApprovedbyPublic ServicesCommitteeJune11,2007) Background:Thisisanewownershipapplication.Formerlyinth enameof WilliamJenkins. Analysis:TheapplicantmeetstherequirementsoftheAugusta RichmondCountyAlcoholOrdinance. FinancialImpact:Theapplicantwillpayafeeof$4235.00. Alternatives: Recommendation:License&Inspectionsrecommendsapproval.TheRCSD recommendsapproval. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Administrator. Cover Memo Item # 22 ClerkofCommission Cover Memo Item # 22 Attachment number 1 Page 1 of 2 Item # 22 Attachment number 1 Page 2 of 2 Item # 22 CommissionMeetingAgenda 6/19/20072:00PM AlcoholApplication Department:License&Inspections caption2:Motionto approve aNewApplication:A.N.07-30:A requestbyMichaelAnglinforanonpremiseconsump tion Liquor,Beer&Wine licensetobeusedinconnectionwith TipseyMcStumbles,LLClocatedat214SeventhSt.There willbeDance.District1.SuperDistrict9.(Approvedby PublicServicesCommitteeJune11,2007) Background:Thisisanewapplication. Analysis:TheapplicantmeetstherequirementsoftheAugusta RichmondCountyAlcoholOrdinance. FinancialImpact:Theapplicantwillpayafeeof$4345.00. Alternatives: Recommendation:License&Inspectionsrecommendsapproval.TheRCSD recommendsapproval. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 23 Cover Memo Item # 23 Attachment number 1 Page 1 of 2 Item # 23 Attachment number 1 Page 2 of 2 Item # 23 CommissionMeetingAgenda 6/19/20072:00PM AlcoholLicenseApplication Department:License&Inspection caption2:Motionto approveaNewApplication:A.N.07-25:A requestbyEmilyD.Watkinsforanonpremiseconsu mption Liquor,Beer&Wine licensetobeusedinconnectionwith the RedLionPub locatedat 1936WaltonWay .Therewill beDance.District1.SuperDistrict9.(ApprovedbyPublic ServicesCommitteeJune11,2007) Background:Thisisanewapplicationforandoldlocation.The rehasbeen alicenseherebefore. Analysis:TheapplicantmeetstherequirementsoftheAugusta RichmondCountyAlcoholOrdinance. FinancialImpact:Theapplicantwillpayafeeof$4345.00. Alternatives: Recommendation:License&Inspectionsrecommendsapproval.TheRCSD recommendsapproval. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 24 Cover Memo Item # 24 Attachment number 1 Page 1 of 2 Item # 24 Attachment number 1 Page 2 of 2 Item # 24 CommissionMeetingAgenda 6/19/20072:00PM AlcoholLicenseApplication Department:License&Inspection caption2:MotiontoapproveaNewOwnershipApplication:A.N .07- 26:ArequestbyCholA.Yuforaretailpackage Liquor, Beer&Wine licensetobeusedinconnectionwithOverpass Packagelocatedat 3745PeachOrchardRd.District6. SuperDistrict10.(ApprovedbyPublicServices CommitteeJune11,2007) Background:Thisisanewownershipapplication.Formerlyinth enameof SunKnight. Analysis:TheapplicantmeetstherequirementsoftheAugusta RichmondCountyAlcoholOrdinance. FinancialImpact:Theapplicantwillpayafeeof$4235.oo. Alternatives: Recommendation:License&Inspectionsrecommendsapproval.TheRCSD recommendsapproval. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 25 Cover Memo Item # 25 Attachment number 1 Page 1 of 2 Item # 25 Attachment number 1 Page 2 of 2 Item # 25 CommissionMeetingAgenda 6/19/20072:00PM ApprovaltouseInternetAuctionService Department:AugustaRegionalAirport caption2:Motionto approvetheuseofinternetauctionserviceand authorizetheadministratortosigntheagreementb etween AugustaandGovDeals.com.(ApprovedbyPublicServices CommitteeJune11,2007) Background:AugustaRegionalAirporthasseveralsurplusitems thatare “airportspecific”andsomeinoperableconstruction type equipment(pleaseseetheattachedlist).Theseite msarein varyingstatesofdisrepairbecauseofage,typeof equipment and/ornolongerneededbytheairport.Manyofthe items wereprocuredfromtheFederalGovernment.Wewould not anticipatetheseitemstodowellinanormal“publ ic auction”.Theseitemsaretakingupspaceanddep reciating everyday.Toselltheseitemsatapublicauctionw ould requiretheybemovedtotheauctionsite.Commerci al towingcostsbetween$50.00to$150.00peritemdep ending onthesize.Moreandmoregovernmentsareusing internet auctionservices;suchasColumbiaCounty,Richmond CountyBoardofEducation,andAikenCountytomenti ona few.Theadvantageofusinginternetisalargerma rket increasingthepotentialforrevenue.Itemsaresol dwithout havingtomovetheitem.Therearethreecompanies that caterexclusivelytoGovernments;PublicSurplusAu ctions, GovDeals(dot)com,andPropertyRoom(dot)com.T hese auctionservicesnowhavebiddersinall50statesa ndforeign countries.GovDeals(dot)Comoffersanon-obligato ry service(usetheserviceasyouwish)withthelowe stservice fee.Itcaterstogovernmentorganizationsonly.A ugusta RegionalAirporthasanumberofitemsthatarespe cificto airportoperationsthereforethebuyers/marketwill belimited atapublicauction.Usinganinternetservicewill resultina largerbuyersmarket.Wearerequestingtheitemso nthe attachedlistbeauthorizedforsale. Cover Memo Item # 26 Analysis:ANALYSIS:Theadvantagesinusinganinternetservi ceare asfollows:1.Internetoffersalargerbuyersmark et.2.Items aresoldwheretheyare;thereisnoneedtoreloca teproperty whichisacosttothedepartment.3.Itemscanbes oldasthey aredeclaredexcess.4.Theinternetserviceprovid esan auditableaccountingrecordofsales.Thedisadvant agesin usinganinternetserviceareasfollows:1.Therew illbean increaseintheadministrationforpostingitemsan d collectingmoney. FinancialImpact:Therearenoinitialdirectcostsassociatedwitht hisservice. ShouldtheCommissionapprovetheservice,afeeof 7½% oftheacceptedbidpriceispaid,invoicedmonthly . Alternatives:TheAugustaCommissionhasthefollowingalternativ es:1. Disapprovethisrequestandcontinuetoholdannual public auctions.2.Approvetherequestinpartanddirect whatitems aretobesoldontheinternetandwhichtobesold atalocal publicauction. Recommendation:Approvetheuseofinternetauctionserviceandaut horizethe administratortosigntheagreementbetweenAugusta and GovDeals.com. Fundsare Availableinthe Following Accounts: N/A-feeswillbenettedagainstproceedsfromauc tion REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 26 Department Name Year Make Model Description Serial # Airport-Administration 1978 OshKosh M-1500 Truck, Fire, Crash M-1500 Airport-Administration 1976 OshKosh M-1500 Truck, Fire, Crash 15491 Airport-Administration 196_ Ford F350 Truck, Refueler, 600 Gallon Airport-Administration Hyster C530 Roller, Motorized Airport-Administration Gallion T5G Roller, Motorized Airport-Administration OshKosh U-30 Tractor, Towable Airport-Administration International TD225SL Tractor, Towable 5050001228 Airport-Administration 1975 Clark 2330237 Tractor, Warehouse KT397 Airport-Administration 1980 Northwestern JG40PT15 Tractor, Warehouse 12033 Airport-Administration Wells 3645 Sweeper, Towable 45 Airport-Administration LeeBoy L700ST Paver 1826 Airport-Administration International 340 Tractor w/ Trailer 8503 Airport-Administration International 1066 Tractor w/ Trailer 3/4 Ton 261017U039 Airport-Administration E-Z-Go GXT-1500 Truckster 2111 Airport-Administration Deweze ATM-72 Mower 72-D043 Airport-Administration Allis-Charlmers M100M Grader 81S05285 Airport-Administration Rotary AB1028 Lift, Rotary, 9000 22098 Airport-Administration 21R21 Tires, Truck, Large Airport-Administration Champion HR5-8 Compressor, Air R155167 Airport-Administration Monark 16ft. Boat, Aluminum 847820 Airport-Administration Evinrude 225/V6 Boat, Motor G04315672 Airport-Administration Evinrude 115/V4 Boat, Motor Airport-Administration Evinrude 115/V4 Boat, Motor 262244 Airport-Administration E-Z-Path Lathe 81574325 Airport-Administration Airsearch Jet Start 107P908 Airport-Administration Airsearch Jet Start 285359 Airport-Administration Homemade Trailer, Covered Airport-Administration Clark Tug, Baggage RQ518 Airport-Administration Delorean T-40 Tug, Baggage 93300111468 Airport-Administration Leed Camper, Cover G2987233 Airport-Administration Leed Camper, Cover Attachment number 1 Page 1 of 1 Item # 26 CommissionMeetingAgenda 6/19/20072:00PM ApproveChangeOrderforAdditionalDemolitionWork AssociatedwiththeCandyFactory Department:Library,ThroughCapitalImprovements caption2:Motionto approvechangeordertocontractwithJ&B ConstructionandServices,Inc.forunforeseendemo lition workassociatedwiththeCandyFactorysubjecttot hereview ofthecontract .(ApprovedbyPublicServicesCommittee June11,2007) Background:ThedemolitionoftheoldTelfairStreetCandyFact orywas awardedtoJ&BConstructionandServices,Inc.in November,2006.Thebuildingshavenowbeenrazed,and severalunforeseen,subsurfacestructureshavebeen encountered,alongwithsomeundocumentedasbestos. Analysis:TheoldCandyFactorydemolitioncontractencompass esthe demolitionofacomplexofsixdifferentstructures .Someof thesestructureswerefree-standingandsomewereb uiltas additionstoadjoining,predatingstructures.As-bu ilt drawingswereavailableforonlythemostrecently- completedstructure,thusthemajorityofthebuild ingslacked anydrawingstoaccuratelydocumentthescopeofwo rk.This changeorderisforconcealedandunforeseendemoli tionand asbestosabatementwork,aslistedontheattachmen ts. Includingthechangeorders,thetotalprojectcost willbeless thantheamountbudgetedfordemolitionoftheCand y Factory. FinancialImpact:Thecostofthechangeorderis$28,858.80. Alternatives:Haveworkperformedbyanothercontractor. Recommendation:Approvechangeorder.Changeorderisjustifiedand has beencloselyscrutinizedandnegotiatedtoareason able amount.Removingthehiddenslabslaterwouldmost likely Cover Memo Item # 27 resultinhighercostsinthefuture.Theasbestosc ontaining materialshavetoberemovedanddisposedofinord erto complywithGeorgiaEPDregulations. Fundsare Availableinthe Following Accounts: 324-050-1120202150320 REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 27 Item # 27 Item # 27 Item # 27 Item # 27 CommissionMeetingAgenda 6/19/20072:00PM CountyAttorney Department: caption2:DiscusstheCountyAttorney'sbreachoftheconfide ntiality ofacityemployee'sEEOcomplaint.(Requestedby CommissionerMarionWilliams) Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 28 CommissionMeetingAgenda 6/19/20072:00PM PetitionforRetirementofMs.MaryJoMcNeely Department:HumanResources caption2:Motionto approveRetirementofMs.MaryJoMcNeely underthe1977PensionPlan.(ApprovedbyAdministrative ServicesCommitteeJune11,2007) Background:Normalretirementunderthe1977PensionPlanisth efirst dayofthemonthfollowinghis/her65thbirthdayor attaining 62yrs.ofageandcompleting25yearsofcredited service. Themonthlybenefitis1%oftheparticipantsavera ge earningsmultipliedbyhis/heryearsofcrediteds ervice.The 1977PensionPlanallowsyoutoretireasearlyas age50 aftercompleting15yearsofservice.Theearlyret irement benefitis5/12%foreachmonthbywhichtheretire mentdate oftheparticipantprecedeshisnormalretirementd ate. Analysis:Ms.MaryJoMcNeely(age65)iscurrentlyaLicense Clerk withtheLicense&InspectionsDepartment.Ms.McNe ely washiredonMay1,1983.Ms.McNeelymeetsthe requirementsforanearlyretirementunderthe1977 Plan. HerproposedretirementdateisJuly1,2007.Ther etirement benefitpayabletoMs.MaryJoMcNeelyis$264per month (LifeOnly). FinancialImpact:Fundsareavailableinthe1977PensionPlan.Emplo yeehas contributed4%ofhersalarytowardsherretirement since May1,1983. Alternatives:DonotapprovetheretirementofMs.MaryJoMcNeel y underthe1977PensionPlan. Recommendation:ApprovetheretirementofMs.MaryJoMcNeelyunder the 1977PensionPlan. Cover Memo Item # 29 Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 29 Attachment number 1 Page 1 of 1 Item # 29 CommissionMeetingAgenda 6/19/20072:00PM RCCIandRecreationDepartmentsReports Department:ClerkofCommission caption2:UpdatefromtheAdministrativeServicesRecreationS tudy Subcommitteeregardingtheinvestigativeprocessre lativeto therecentreportsoftheft,drugs,andcellphones regarding RCCIandRecreationDepartments. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 30 CommissionMeetingAgenda 6/19/20072:00PM AmbulanceServiceContractfor2008 Department:FireDepartment caption2:Motionto approve continuingthecontractwithGoldCross foranadditionalyearatthesamecost.(ApprovedbyPublic SafetyCommitteeJune11,2007) Background:Wehaveacontractfor911AmbulanceServicewithG old CrossEMSunderthetermsofthecontract,theCity hasthe optiontorenewthecurrentagreementforanadditi onal year.Thisisthefinalyearfortherenewaloption.I fthis optionisexercised,wemustnotifythecontractor onor beforeJune30,2007. Analysis:TheContractoriscurrentlyoperatingwithinthete rmsofthe contract.Thecityhastwooptions;optiononeist onotify GoldCrossofourintenttorenewthecontractfor an additionalyear.Optiontwowouldbetotakenoact ionwhich wouldresultinanRFPprocessfor911AmbulanceSe rvice takingplacelaterintheyear. FinancialImpact:Currentlythecostfor911AmbulanceServiceis$1,300,000 annunally. Alternatives: Recommendation:MotiontonotifyGoldCrossEMSthattheCitywishe sto exerciseitsoptiontorenewthe911AmbulanceCont ractfor 2008. Fundsare Availableinthe Following Accounts: 101035110-5711110$1,380,000(2007) Cover Memo Item # 31 REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 31 CommissionMeetingAgenda 6/19/20072:00PM LegalServicesforRebandingProcessRFQ#07-119 Department:InformationTechnology caption2:Motionto approvetheselectionofShulman,Rogers, Gandal,Pordy&Ecker,P.A.,forRFQItem#07-119,Legal ServicesforRebandingProcessfor800MHzRadio Frequencies.(ApprovedbyPublicSafetyCommitteeJune 11,2007) Background:The800MHzband,whichallAugustaradiousersope ratein, isbeingreconfiguredtoreduceoreliminatethein terference thatcurrentlyexists.Thisinterferenceisbetween Sprint/Nexteland/orCellularA&BbandsandPubli c Safety.Therebandingwillimpactcriticalinfrastr uctureand end-userdevices.Technicalandlegalrepresentatio nduring thisprocesswillsignificantlyimpacttheoveralls uccessof Augusta’srelocationtodifferentfrequencies. Analysis:TheFederalCommunicationsCommission(FCC)passed a rulingthatall800MHzlicenseeholders,whichinc ludes Augusta,relinquishtheircurrentfrequenciesto Sprint/Nextel,inexchangefornewfrequenciesina different partofthe800MHzspectrum.Inthisexchange, Sprint/Nextelhasagreedtoabsorballcostsassoci atedwith therebandingprocess,whichincludes:reprogrammin gof equipment,replacementofequipment,managementfee s fromusers,legalfees,andanyothercoststhatwo uldbe applicabletothisproject.Adequaterepresentation with experiencedealingwiththeFCCandTransition Administrator(TA)isnecessarytoattainfrequency spectrum equaltoorbetterthanwhatwecurrentlyhave.Dis pute mediationhasbecomeanecessarystepinthis reconfigurationprocess.Duetothespecializedkno wledge requiredtoarbitrate,mediateandadviseinthisa rea,ourin- houselegalstaffisinagreementwiththeselectio nofafirm withexperienceandexpertiseinthisareatorepre sent Augusta.Augustawillbetakingpartinasystem-wi de Cover Memo Item # 32 rebandingeffort.Inaefforttominimizedowntime andthe lossofinteroperability,Augustamustcoordinateo ur reprogrammingwithallothersystemusers.However,itis theresponsibilityofAugusta,asthefrequencyhol der,to followallguidelinessetforthbytheFCC. FinancialImpact:Sprint/Nextel,atthemandateoftheFCC,willabso rball costs.TherewillbenofinancialimpacttoAugusta .Allcosts, toincludeequipmentreplacementfordevicesthatw illnot upgrade,willbecollectedbyShulman,Rogers,Gand al, Pordy&Ecker,P.A.,directlyfromSprint/Nextel. Alternatives:Augustamustvacatethespectrumcurrentlyutilized .This rulingismandatory.Thisrebandingprocessmustbe doneby orderoftheFCC. Recommendation:ThatweenterintoanagreementwithShulman,Roger s, Gandal,Pordy&Ecker,P.A.,torepresentAugustai nthis rebandingprojectandthattheybeawardedRFQitem #07- 119pendingcontractnegotiations. Fundsare Availableinthe Following Accounts: n/a REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 32 CommissionMeetingAgenda 6/19/20072:00PM AwardContractforMunicipalBuildingElevatorMode rnization Department:PublicServices-FacilitiesManagementDivision caption2:Motiontoapprovetheawardofthecontracttomode rnizethe threeMunicipalBuildingtractionelevatorstothe lowbidder, PremierElevator,withabasebidof$398,747.00an dAdd Alternate1,anadditional$13,959.00,foratotal of $412,706.00tobefundedfromSPLOSTPhaseIII.Al so, awardtheannualmaintenancecontractforthesesam ethree elevatorstoPremieratthecompletionofthework inthe amountof$11,970.00forthefirstyear,$12,497.00 forthe secondyearand$13,247.00forthethirdyear,tob efunded fromtheannualGeneralFundoperatingbudgetfort he MunicipalBuilding .(ApprovedbyFinanceand EngineeringServicesCommitteesJune11,2007) Background:ThethreetractionelevatorsintheMunicipalBuild ingneed tobeupgradedduetoageandchangestocode.Ar equestfor bidswasissuedlastyearwithnoresponse.Thedo cument wasrevisedandreissuedthisyear.Twobidswerer eceived. Analysis:Staffhasthoroughlyreviewedthequalifications,r eferences andmaterialssubmittedbyeachofthetwofirmssu bmitting bidsonBidItem#07-100.Wehavedeterminedthatb oth firmsmeetthequalificationsandhavecompliedwit hthe termsoftheRFB.Thelowbidwillsavesubstantial lyonthe contractcost,andthemaintenancecostoverthe recommendedcontracttermissubstantiallyreduceda swell. TheropegripsincludedunderAddAlternate1aren ow requiredbytheState. FinancialImpact:Thecostofthecontract,includingAddAlternate#1is $412,706.00,tobefundedfromSPLOSTPhaseIII. Alternatives:1.Approvetheawardofthecontracttomodernizet hethree MunicipalBuildingtractionelevatorstothelowbi dder, Cover Memo Item # 33 PremierElevator,withabasebidof$398,747.00an dAdd Alternate1,anadditional$13,959.00,foratotal of $412,706.00tobefundedfromSPLOSTPhaseIII.Als o awardtheannualmaintenancecontractforthesesam ethree elevatorstoPremieratthecompletionofthework inthe amountof$11,970.00forthefirstyear,$12,497.00 forthe secondyearand$13,247.00forthethirdyeartobe funded fromtheannualGeneralFundoperatingbudgetfort he MunicipalBuilding.2.Donotapprovetheaward. Recommendation:#1.Approvetheawardofthecontracttomodernize thethree MunicipalBuildingtractionelevatorstothelowbi dder, PremierElevator,withabasebidof$398,747.00an dAdd Alternate1,anadditional$13,959.00,foratotal of $412,706.00tobefundedfromSPLOSTPhaseIII.Als o awardtheannualmaintenancecontractforthesesam ethree elevatorstoPremieratthecompletionofthework inthe amountof$11,970.00forthefirstyear,$12,497.00 forthe secondyearand$13,247.00forthethirdyeartobe funded fromtheannualGeneralFundoperatingbudgetfort he MunicipalBuilding. Fundsare Availableinthe Following Accounts: SPLOSTPhaseIIIallocatedtoMunicipalBuilding Renovations. REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 33 Attachment number 1 Page 1 of 1 Item # 33 CommissionMeetingAgenda 6/19/20072:00PM RenewcontractforTPA(ThirdPartyAdministrator)servicesforWorker'sCompensation Program2007 Department:Finance/RiskManagementDivision-DonnaWilliams , ActingDirector caption2:Motionto approveGeorgiaAdministrativeServices(GAS) astheThirdPartyAdministrator(TPA)forAugusta,GA’s Workers’Compensationclaims.(ApprovedbyFinance CommitteeJune11,2007) Background:TheannualcontractforWorker’sCompensationthird party administration(TPA)renewsinJuly,2007.Thisser vicewas bidin2004withGeorgiaAdministrativeServicesap proved asthenewTPA.GeorgiaAdministrativeServiceshas donea superbjobservingasAugusta’sTPAforitsWorker’s CompensationProgram.FilingstotheStateBoardof Worker’sCompensationhavebeentimelyashavenoti cesto theSubsequentInjuryTrustFundandexcessinsuran ce companies.GeorgiaAdministrativeServiceshasbeen found tobehighlyknowledgeableandefficientinthe administrationofthisarea. Analysis: FinancialImpact:3-Yearcontractreflectsa5%increaseforatotal threeyear costof$232,833($77,611/year). Alternatives:Placecontractoutforbid.Anegativeimpactisli kelywith thisalternative.Unlikehealthinsurance,allwork ers’ compensationinjuryfiles,openedandclosed,would needto betransferredtonewTPA.NewTPAwouldthenneed to familiarizethemselveswithallopenfiles(veryti me consuming)inordertoproperlyadministeraccount. Recommendation: Approve3-yearcontractwithGeorgiaAdministrative Cover Memo Item # 34 Servicesforthirdpartyadministrationservicesfo rWorkers’ Compensationclaims. Fundsare Availableinthe Following Accounts: 621-01-5231WorkersCompensationAdministration REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 34 Attachment number 1 Page 1 of 1 Item # 34 CommissionMeetingAgenda 6/19/20072:00PM UtilitiesExcavator Department:Finance,FleetManagement,RonCrowden-FleetMana ger caption2:Motionto approvetheacquisitionofonehydraulic excavatorfortheUtilitiesDepartment-Construction Division fromStaffordEquipment,Inc.ofLawrenceville,Geo rgiafor $71,725.00(Lowestbidofferonbid07-093).(Approvedby FinanceCommitteeJune11,2007) Background:TheUtilitiesDepartment–ConstructionDivision requests theacquisitionofonehydraulicexcavatortorepla cean existing1995model(Asset#950177)withexcessive wear andtear(pleaseseetheattachedevaluation).The1 2yearold unithasahistoryofextensiveengineandhydrauli cproblems andneedstobereplaced.Inaddition,thepropose dnew replacementunitwillfeaturemuchgreateroverall technologythantheoldermachine.Itwillalsoinc ludean off-setswingboomwhichallowsmuchmoretaskflex ibility duetoitsabilitytoexcavateinmanyvariouspatt erns.This unitwouldbeutilizedinbetweentheextremelylar geunit andtheminiunitenablingthecrewstobemoretim eand laborefficient. Analysis:FleetManagementsubmittedarequestforbidsthrou ghthe ProcurementDepartmentutilizingtheDemandStar electronicbidsystemwhichoffersnationwidebidc overage. TheProcurementDepartmentreceivedquotesbackfro mfive (5)vendors.ReviewofbidsreceivedshowsthatSta fford Equipment,Inc.,ofLawrenceville,Georgia,submitt edthe lowestbid.Thefollowingwastheresultsofthebi ds received:StaffordEquipment=$71,725.00-LOWEST BIDDER;ASCEquipment,Inc=$81,538.00;HertzRent als –Didnotmeetbidspecifications(seeattachment);United Rentals,Inc.=$76,831.00;YanceyBrothers.Equipm ent= $91,042.00. Cover Memo Item # 35 FinancialImpact:Therequestedunitwillbepurchasedfor$71,725.00 using theUtilities-ConstructionDivisioncapitalaccount . Alternatives:1.Approvetheawardtothelowestbidder,Stafford Equipment,Inc.,ofLawrenceville,Georgia.2.Don ot approvetherequest. Recommendation:Approvetheacquisitionofonehydraulicexcavator forthe UtilitiesDepartment-ConstructionDivisionfromSta fford Equipment,Inc.ofLawrenceville,Georgiafor$71,7 25.00 (Lowestbidofferonbid07-093). Fundsare Availableinthe Following Accounts: 506-04-3410-54.22510 REVIEWEDANDAPPROVEDBY : Finance. Administrator. ClerkofCommission Cover Memo Item # 35 Asset #:950117 estimated: Age: Mi/Hr Type of Service Reliability Maint/Repair Condition: 12 1 3 5 RANGES Excellent Good Needs immediate consideration for replacement AUGUSTA, GEORGIA FINANCE DEPARTMENT-FLEET MANAGEMENT DIVISION REPLACEMENT CRITERIA FORM Department Name: Department Number Date: Utilities-Construction 506-04-3410 2-Apr-07 Vehicle Description: Excavator-1995 Caterpillar 307 Assigned Use: Signature of Director/Elected Official Utilities-Construction and Maintenance Division, excavate broken sewer lines, prepare water lines Actual Age: Current miles/hours: Purchase Price: 12 1,764 $57,459.00 Life Expectancy Criteria Requirements -(Policy Evaluation) 53 Evaluation Points: 29 Policy Evaluation Results: Needs immediate consideration for replacement Fleet Managers Recommendation: Finance Director's Approval Maintenance records for 2006 shows excessive breakdowns and costly maintenance, as of 12- 12-06 needs over $2,139 in hydraulic work and new engine (rod knocking bad) and needs new tracks. Replacement Date: Fiscal Year Replacement: 20072007 Estimated Replacement Cost: Funding Source: 18 to 22 Points $71,725.00 506-04-3410/54.22510 Qualifies for Replacement Under 18 Points 23 to 27 Points 28 Points or more Attachment number 1 Page 1 of 1 Item # 35 8 T O N C L A S S H Y D R A U L I C E X C A V A T O R Bi d 0 7 - 0 9 3 A S C C o n s t r u c t i o n H e r t z Y a n c e y B r o t h e r s S t a f f o r d U n i t e d Eq u i p m e n t R e n t a l s I n c o r p o r a t e d E q u i p m e n t R e n t a l s Ye a r 20 0 7 2 0 0 7 2 0 0 7 2 0 0 7 2 0 0 7 Br a n d Vo l v o T a k e u c h i C a t e r p i l l a r L i n k - B e l t T a k e u c h i Mo d e l EC R 8 8 T B 1 5 3 F R 3 0 7 - C S R 7 5 S p i n A c e T B 1 8 0 F R De l i v e r y 60 D a y s A R O 60 D a y s A R O 15 0 D a y s A R O 12 0 D a y s 45 D a y s Bi d P r i c e $8 1 , 5 3 8 . 0 0 $5 1 , 2 4 4 . 6 1 $9 1 , 0 4 2 . 0 0 $7 1 , 7 2 5 . 0 0 $7 6 , 8 3 1 . 0 0 Di d N o t M e e t S p e c s 8. 0 0 O p t i o n a l I t e m s 8. 0 1 H y d T h u m b $2 , 4 0 0 . 0 0 $ 1 7 , 0 0 0 . 0 0 $ 4 , 0 2 5 . 0 0 N o t A v a i l a b l e $ 2 , 2 1 9 . 0 0 8. 0 2 S o f t w a r e No t A v a i l a b l e N o t A v a i l a b l e $ 5 1 2 . 0 0 N o C h a r g e N o t A v a i l a b l e Bi d d e r d i d n o t m e e t UT I L I T I E S - C & M - 8 T O N C L A S S H Y D R A U L I C E X C A V A T O R - B I D O P E N I N G M A R CH 0 9 , 2 0 0 7 @ 1 1 : 0 0 Attachment number 2 Page 1 of 1 Item # 35 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-EugeneBurley Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 052-0-115-00-03910CarolynStreet,whichisowned by EugeneBurley,for499.6Sq.FeetofTemporaryEase ment. PWProject:BelairHillsSubdivisionImprovementPr oject. (ApprovedbyEngineeringServicesCommitteeJune11 , 2007) Background:Theappraisedvalueoftheeasementis$40.00.Due to numerousunsuccessfulnegotiationattempts,itisn ecessary topursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheproject budget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 36 Cover Memo Item # 36 Attachment number 1 Page 1 of 1 Item # 36 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-EvelynV.WalkerTurner Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 052-0-165-00-03915CarolynStreetandProperty#0 52-0- 166-0-003917CarolynStreet,whichisownedbyEve lynV. WalkerTurner,for2,999.58Sq.FeetofTemporary Easement.PWProject:BelairHillsSubdivision ImprovementProject.(ApprovedbyEngineeringServices CommitteeJune11,2007) Background:Theappraisedvalueoftheeasementis$240.00.Af ter severalunsuccessfulattemptstonegotiatewiththe owner,it isnecessarytopursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheprojectb udget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 37 Cover Memo Item # 37 Attachment number 1 Page 1 of 1 Item # 37 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-MattriceMatthewScott,Jr.,JoanSc ottRuff,andJobynaM.Scott Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 015-0-099-00-0LincolnStreet,whichisownedbyMa ttrice MatthewScott,Jr.,JoanScottRuff,andJobynaM.Scott,for 995Sq.FeetofRightofWayand509Sq.FeetofTe mporary Easement.PWProject:BelairHillsSubdivision ImprovementProject.(ApprovedbyEngineeringServices CommitteeJune11,2007) Background:Theappraisedvalueoftheeasementis$837.00.Du etothe owners'refusaltocooperatewithnegotiations,it isnecessary topursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheprojectb udget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 38 Cover Memo Item # 38 Attachment number 1 Page 1 of 1 Item # 38 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-MattriceMatthewScott,Jr.;JoanSc ottRuff;JobynaM.Scott;EstherLee;and RobertGabriel Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 051-0-039-00-0PowellRoad,whichisownedbyMattr ice MatthewScott,Jr.;JoanScottRuff;JobynaM.Scot t;Esther Lee;andRobertGabriel,for924Sq.FeetofPerman ent Easementand1,412Sq.FeetofTemporaryEasement.PW Project:BelairHillsSubdivisionImprovementProje ct. (ApprovedbyEngineeringServicesCommitteeJune11 , 2007) Background:Theappraisedvalueoftheeasementis$483.00.Du etothe owners'refusaltocooperatewithnegotiations,it isnecessary topursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheproject budget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Cover Memo Item # 39 Administrator. ClerkofCommission Cover Memo Item # 39 Attachment number 1 Page 1 of 1 Item # 39 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-Pioneers,Inc.andDorothyDicks Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 051-0-240-00-03943BarrettStreet,whichisowned by Pioneers,Inc.(5/6Interest)andDorothyDicks(1/6Interest), for1,000Sq.FeetofTemporaryEasement.PWProje ct: BelairHillsSubdivisionImprovementProject.(Approved byEngineeringServicesCommitteeJune11,2007) Background:Theappraisedvalueoftheeasementis$80.00.Due tothe owners'refusaltocooperatewithnegotiations,it isnecessary topursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheprojectb udget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 40 Cover Memo Item # 40 Attachment number 1 Page 1 of 1 Item # 40 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-Pioneers,Inc.,#79 Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 051-0-079-00-01706OrangeAvenue,whichisownedb y Pioneers,Inc.,for3,413Sq.FeetofPermanentEas ementand 2,296Sq.FeetofTemporaryEasement.PWProject:Belair HillsSubdivisionImprovementProject.(Approvedby EngineeringServicesCommitteeJune11,2007) Background:Theappraisedvalueoftheeasementis$1,549.00.Duetothe owner'srefusaltocooperatewithnegotiations,it isnecessary topursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheprojectb udget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L234-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 41 Cover Memo Item # 41 Attachment number 1 Page 1 of 1 Item # 41 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-Pioneers,Inc.,#78 Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 051-0-078-00-01708OrangeAvenue,whichisownedb y Pioneers,Inc.,for2,539Sq.FeetofPermanentEas ement and3,632Sq.FeetofTemporaryEasement.PWProjec t: BelairHillsSubdivisionImprovementProject .(Approvedby EngineeringServicesCommitteeJune11,2007) Background:Theappraisedvalueoftheeasementis$1,307.00.Duetothe owner'srefusaltocooperatewithnegotiations,it isnecessary topursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheprojectb udget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 42 Cover Memo Item # 42 Attachment number 1 Page 1 of 1 Item # 42 CommissionMeetingAgenda 6/19/20072:00PM Condemnation-RayburnKarlWhighamandMarjorieG.WhighamDesir Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto authorizecondemnationofaportionofProperty# 052-0-088-00-03920BarrettStreet,whichisowned by RayburnKarlWhighamandMarjorieG.WhighamDesir,for 633Sq.FeetofPermanentEasementand663Sq.Feet of TemporaryEasement.PWProject:BelairHillsSubdi vision ImprovementProject .(ApprovedbyEngineeringServices CommitteeJune11,2007) Background:Theappraisedvalueoftheeasementis$306.00.Du eto unsuccessfulnegotiationswiththeowners,itisne cessaryto pursuecondemnation. Analysis:Condemnationisrequiredinordertoacquiretheea sement. FinancialImpact:Thenecessarycostswillbecoveredbytheprojectb udget. Alternatives:Denytheauthorizationtocondemn. Recommendation:Approvetheauthorizationtocondemn. Fundsare Availableinthe Following Accounts: G/L324-04-1110-54.11120J/L203824335-54.11120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 43 Cover Memo Item # 43 Attachment number 1 Page 1 of 1 Item # 43 CommissionMeetingAgenda 6/19/20072:00PM DowntownTrafficSignalandStreetlightUpgradeA Department:EngineeringDepartment,AbieL.LadsonDirector caption2:Motionto approveCapitalProjectBudgetChangeNumber One(324-04-201824110)andSupplementalAgreementO ne withURSCorporationintheamountof$580,737.58t o providesubsurfaceutilityevaluationanddesignpl ansforthe BroadStreetportionofthedowntowntrafficsignal and streetlightupgradeproject.Fundsareavailablein SPLOST PhaseIVintheprojectcontingencyaccount.(Approvedby EngineeringServicesCommitteeJune11,2007) Background: ThisisaSPLOSTIVprojectforupgradeofthetra ffic signalsandstreetlightsintheDowntownCentralBu siness District.Bothofthesesystemsarebeyondtheirus efullives. Moreover,curbrampsatseveralintersectionswillb e requiredtobeinstalledorupgradedinordertoco mplywith therequirementsoftheAmerican’swithDisabilitie sAct (ADA).Theinfrastructureandequipmentsupportin gthe BroadStreettrafficsignalsandstreetlightsarec urrentlyover 30yearsoldandbadlydeteriorated.TheexistingT RANSYT 1880signalcontrollersthatoperatethetrafficsi gnalsareno longermanufacturedorsupportedbythemanufacture r.Our abilitytorepairorfindreplacementequipmentis becoming increasinglymoredifficultandatsomepointinth enear futuremaybecomeimpossible.Theexistingwiring supportingbothsystemsisfrayedinseveralareas, substandardandunabletosupportupgradedlight fixturesand/oramenitylighting.Theconduitfor thewiring systemsiscrushedand/ordeterioratedinnumerous locations, thusly,weareunabletoreplaceorupgradethewir ing systemsutilizingexistinginfrastructure.Manyi ntersections alongBroadStreetarenotcompliantwithcurrentA DA standards.Someintersectionsdonotcurrentlyhave wheelchairramps,whileotherswherewheelchairram psdo existarenon-compliantduetoslopeorobstruction ssuchas lightpolesinhibitingthepedestrianpath.URS wasselected Cover Memo Item # 44 in2003throughanRFQtodevelopadowntownmaster plan andconceptualdesignfortrafficsignalandstreet light upgradesintheAugustaCentralBusinessDistrict.PhaseIof thiscontractiscomplete.Thisrequestrepresents theBroad StreetportionsofPhasesIIthroughVofthecontr act,which includessurveyandconstructionplans,andtheadd itionof Phase0tothescope.UndertheadditionalPhase0,URSwill providefundingsourceassistancebyidentifyingan d assistingARCinobtainingfundsthroughapplicable federal andstateprograms. Analysis:URSenteredintoanagreementwithAugust-Richmond CountyonJune20,2003forengineeringservices.T he originalcontractallowedforcostsassociatedwith themaster planandconceptdevelopment.Thecostsassociated with developmentofconstructiondocuments(PhasesII-V),which arerepresentedinthisrequest,wereleftonato-be- determinedbasisatthattime. FinancialImpact:URShasproposedatotalcostof$580,737.58($186,428for sub-surfaceutilityinvestigation,$72,680forsurv ey, $276,129.58forroadwaydesign,and$45,500forlig hting systemdesign)andfundsareavailableinSPLOSTPh aseIV projectcontingencyaccount. Alternatives:1.ApproveCapitalProjectBudgetChangeNumberOne (324-04-201824110)andSupplementalAgreementOnew ith URSCorporationintheamountof$580,737.58topro vide subsurfaceutilityevaluationanddesignplansfor theBroad Streetportionofthedowntowntrafficsignalands treetlight upgradeproject.FundsareavailableinSPLOSTPhas eIVin theprojectcontingencyaccount.2.Donotapprove the request. Recommendation:ApproveAlternativeNumberOne. Fundsare Availableinthe Following Accounts: 324-041110-6011110/201824110-6011110 REVIEWEDANDAPPROVEDBY : Cover Memo Item # 44 Administrator. ClerkofCommission Cover Memo Item # 44 Augusta-Richmond County, Georgia BE IT ORDAINED by the Commission-Council of Augusta-Richmond County, Georgia that the following Capital Project Budget is hereby adopted: Section 1: This project be set up is authorized to CPB#324-04-201824110. This project is to upgrade the traffic signal and street light infrastructure systems in the Broad Street Area. Section 2: The following revenues are anticipated to be available to the Consolidated Government to complete the project. Special 1% Sales Tax, Phase IV 300,000$ Special 1% Sales Tax, Phase IV 2,023,000$ 2,323,000$ Section 3: The following amounts are appropriated for the project: By Basin By District Varies $2,323,000 Varies $2,323,000 Section 4: Copies of this Capital Project Budget shall be made available to the Comptroller for direction in carrying out this project. Adopted this ____________________ day of _____________________________. Approved __________________________________________________________ Original-Commission Council Office Copy-Engineering Department Copy-Finance Department Copy-Procurement Department Honorable Deke Copenhaver, Mayor CPB#324-04-201824110 CAPITAL PROJECT BUDGET DOWNTOWN TRAFFIC SIGNAL & STREETLIGHT UPGRADES - A CHANGE NUMBER ONE Attachment number 1 Page 1 of 2 Item # 44 Augusta-Richmond County, Georgia CPB#324-04-201824110 CAPITAL PROJECT BUDGET DOWNTOWN TRAFFIC SIGNAL & STREETLIGHT UPGRADES - A CHANGE NUMBER ONE CPB AMOUNT CPB NEW SOURCE OF FUNDS CPB CHANGE CPB SALES 1% SALES TAX $2,023,000 $2,023,000 TOTAL SOURCES:$2,023,000 $2,023,000 USE OF FUNDS ENGINEERING 324-04-1110-5212115-201824110 $298,000 $580,738 $878,738 CONTENGENCY 323-04-1110-6011110-201824110 $2,023,000 ($580,738) $1,442,262 ADVERTISEMENT $2,000 $2,000 TOTAL USES:$2,323,000 $0 $2,323,000 Attachment number 1 Page 2 of 2 Item # 44 (SA02 – For changes greater than $20,000) April 2005 AUGUSTA, GEORGIA ENGINEERING DEPARTMENT SUPPLEMENTAL AGREEMENT Project No.: 324-04-201824110 SUPPLEMENTAL AGREEMENT NO.: 1 P.O.: 85641 WHEREAS, We, URS Corporation, Consultant, entered into a contract with Augusta- Richmond County on March 18, 2003, for engineering design services associated with the Downtown Traffic Signal & Streetlights Upgrades A, Project No. 324-04-201824110, File Reference No. 07-014 (A), and WHEREAS, certain revisions to the design requested by Augusta, Georgia are not covered by the scope of the original contract, we desire to submit the following Supplemental Agreement to- wit: Additional engineering services for the upgrade of the traffic signals and streetlights in the Downtown Central Business District. It is agreed that as a result of the above modification the contract amount is increased by $580,737.58 from $117,400.00 to a new total of $698,137.58. This agreement in no way modifies or changes the original contract of which it becomes a part, except as specifically stated herein. NOW, THEREFORE, We, URS Corporation., Consultant, hereby agree to said Supplemental Agreement consisting of the above mentioned items and prices, and agree that this Supplemental Agreement is hereby made a part of the original contract to be performed under the specifications thereof, and that the original contract is in full force and effect, except insofar as it might be modified by this Supplemental Agreement. This 1st day of June, 2007. RECOMMEND FOR APPROVAL: CITY OF AUGUSTA, GEORGIA Deke Copenhaver, Mayor Approved: Date Approved: Date [ATTACHED CORPORATE SEAL] ATTEST: ATTEST: Title: Title: Attachment number 2 Page 1 of 1 Item # 44 CommissionMeetingAgenda 6/19/20072:00PM GDOTRightofWayMowingandMaintenanceAgreement Department:ClerkofCommission caption2:MotiontoapproveGDOTRightofWayMowingand MaintenanceAgreementforplantingsandbeautificat ionon DougBarnardParkway. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 45 Attachment number 1 Page 1 of 12 Item # 45 Attachment number 1 Page 2 of 12 Item # 45 Attachment number 1 Page 3 of 12 Item # 45 Attachment number 1 Page 4 of 12 Item # 45 Attachment number 1 Page 5 of 12 Item # 45 Attachment number 1 Page 6 of 12 Item # 45 Attachment number 1 Page 7 of 12 Item # 45 Attachment number 1 Page 8 of 12 Item # 45 Attachment number 1 Page 9 of 12 Item # 45 Attachment number 1 Page 10 of 12 Item # 45 Attachment number 1 Page 11 of 12 Item # 45 Attachment number 1 Page 12 of 12 Item # 45 CommissionMeetingAgenda 6/19/20072:00PM HancockMillPlantationSectionTwo Department:Engineering caption2:Motionto approve thedeedsofdedication,maintenance agreements,androadresolutionsubmittedbythe Engineering,andAugustaUtilitiesDepartmentsfor Hancock MillPlantation,SectionTwo.(ApprovedbyEngineering ServicesCommitteeJune11,2007) Background:ThefinalplatwasapprovedbytheCommissiononAp ril17, 2007.Thesubdivisiondesignandplat,includingt hestorm drainsystem,havebeenreviewedandacceptedbyou r engineeringstaffandtheconstructionhasbeenrev iewedby ourinspectors.TheUtilitiesDepartmenthasins pectedand reviewedthewaterandsanitarysewerinstallations ,and herebyrequestsacceptanceoftheutilitydeedand maintenanceagreementofsame. Analysis:Thissectionmeetsallcodes,ordinancesandstanda rds.There arenowetlandsor100-yearfloodplainboundaries involved inthissection.Acceptanceofsaidutilitydeedsh alldedicate, asrequired,thewaterandsanitarysewermainsalo ngwith theapplicableeasementstoAugusta,Georgia,foro peration andmaintenance. FinancialImpact:Byacceptingthisroad,waterandsanitarysewerin stallations intotheCountysystemandafterthe18-monthmaint enance warrantybythedeveloper/contractorhasexpired,a llfuture maintenanceandassociatedcostswillbebornebyA ugusta, Georgia.Byacceptanceoftheutilitydeedandmain tenance agreement,positiverevenuewillbegeneratedfrom thesale ofwaterandsanitarysewertapsandmonthlybillin gofsame. Alternatives:1.Approvethedeedsofdedication,maintenanceagr eements, androadresolutionsubmittedbytheEngineering,a nd AugustaUtilitiesDepartmentsforHancockMillPlan tation, Cover Memo Item # 46 SectionTwo2.Donotapproveandrisklitigation. Recommendation:ApproveAlternativeNumberOne. Fundsare Availableinthe Following Accounts: Notrequiredatthistime. REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 46 Attachment number 1 Page 1 of 2 Item # 46 Attachment number 1 Page 2 of 2 Item # 46 Attachment number 2 Page 1 of 2 Item # 46 Attachment number 2 Page 2 of 2 Item # 46 Attachment number 3 Page 1 of 1 Item # 46 Attachment number 4 Page 1 of 4 Item # 46 Attachment number 4 Page 2 of 4 Item # 46 Attachment number 4 Page 3 of 4 Item # 46 Attachment number 4 Page 4 of 4 Item # 46 Attachment number 5 Page 1 of 2 Item # 46 Attachment number 5 Page 2 of 2 Item # 46 Attachment number 6 Page 1 of 1 Item # 46 Attachment number 7 Page 1 of 1 Item # 46 CommissionMeetingAgenda 6/19/20072:00PM MotiontoApproveProposalfromMidwestMaintenance Inc.toPerformExteriorRenovationsto theMunicipalBuilding Department:AdministrationviaCIPM caption2:Motionto approveProposalfromMidwestMaintenance Inc.,toExecuteExteriorRenovationstotheMunici pal Building,includingre-roofing,resealingcladding and replacementofexistingwindowsinaccordancewith RFP07- 125.(ApprovedbyEngineeringServicesCommitteeJune 11,2007) Background:BidDocumentswereproducedbytheexteriorrenovat ions consultant,StaffordConsultingEngineers.Workto be performedincludesroofingreplacement,cladding repairs/resealingandreplacementofsingle-glazed windows withenergy-efficient,double-glazedwindowswithi nfrared andultravioletfiltration.AlthoughthePre-Bid Conference washeavily-attended,onlyasingleproposalwasre ceived. Follow-upresearchwithpotentialbiddersindicates thatthe necessaryworkrestrictionsassociatedwithanoper ating courthousemayhavediscouragedparticipation.CIPM has conductedareviewoftheproposal,checkedthecom pany trackrecordandspokenwithreferences. Analysis:Whilethereceiptofasingleproposalisofconcer n,CIPMis oftheopinionthattheBidderhassubmittedareas onableand reponsiblebid,consistentwithacompetitively-bidproject(in expectationofcompetingbids).Followingreviewof the Respondents’pastprojectsandtheirreferences,CI PMfinds thecompanyandtheirProposaltobeacceptable.Th eamount ofthebidisapproximately10%lessthanthebudge ted amountfortheWork. FinancialImpact:TheBidamountis$2,267,650.00 Alternatives:Re-bidtheproject. Cover Memo Item # 47 Recommendation:AuthorizeCIPMtonegotiateafinalcontractwithM idwest Maintenance,Inc.,consistentwithRFP07-125andt heir proposaltorenovatetheexterioroftheMunicipal Building. Theworkisurgentlyneeded,thecontactorisexper ienced, hasprovidedgoodreferences,hasalocalofficean dtheirbid iswithinbudget. Fundsare Availableinthe Following Accounts: Fundsareavailableinaccount323-04-6211;2960500 50 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 Item # 47 CommissionMeetingAgenda 6/19/20072:00PM OptionforEasement-ATCDevelopmentCorp. Department:CountyAttorney-StephenE.Shepard,Attorney caption2:Motionto approve anOptionforEasementbetweenATC DevelopmentCorp.,asowner,andAugusta,Georgia,as optionee,inconnectionwiththe60112Rae'sCreek Trunk SewerReplacement,PhaseIVforthefollowing:(Approved byEngineeringServicesCommitteeJune11,2007) PIN031-4-120-00-0:6,203sq.ft.,moreorless,o f permanentutility,accessandmaintenanceeasementa nd 5,624sq.ft.,moreorless,oftemporaryconstruct ion easement;and PIN031-4-121-00-0:374sq.ft.,moreorless,of permanent utility,accessandmaintenanceeasementand1,238s q.ft., moreorless,oftemporaryconstructioneasement;a nd PIN031-4-128-00-0:6,077sq.ft.,moreorless,o f permanentutility,accessandmaintenanceeasementa nd 5,529sq.ft.,moreorless,oftemporaryconstruct ion easement;and PIN031-4-129-00-0:1,213sq.ft.,moreorless,o f permanentutility,accessandmaintenanceeasementa nd972 sq.ft.,moreorless,oftemporaryconstructionea sement;and PIN031-4-130-00-0:9,353sq.ft.,moreorless, ofpermanentutility,accessandmaintenanceeaseme ntand 8,140sq.ft.,moreorless,oftemporarycostructi on easement; foratotalpurchasepriceof$27,521.00. Background:Thepropertyownerhasagreedtoconveythepermane ntand temporaryeasementstoAugusta,GeorgiafortheRae 'sCreek Project. Cover Memo Item # 48 Analysis:Thepurchaseofthereferencedeasementsisnecessa ryforthe project. FinancialImpact:Thepurchaseofthereferencedeasementsforsaidp roject willnotaffectthebudget. Alternatives:Denytherequesttoapprovethepurchaseoftheref erenced easementsforsaidproject. Recommendation:Approvethepurchaseofthereferencedeasementsfo rthe project. Fundsare Availableinthe Following Accounts: 510043420-541112080260112-5411120 REVIEWEDANDAPPROVEDBY : Administrator. ClerkofCommission Cover Memo Item # 48 Attachment number 1 Page 1 of 1 Item # 48 Attachment number 1 Page 1 of 1 Item # 48 Attachment number 1 Page 1 of 1 Item # 48 Attachment number 1 Page 1 of 1 Item # 48 Attachment number 1 Page 1 of 1 Item # 48 Attachment number 1 Page 1 of 1 Item # 48 Attachment number 1 Page 1 of 1 Item # 48 CommissionMeetingAgenda 6/19/20072:00PM WrightsboroRdImprovementsSA#5 Department:AbieL.Ladson,P.E.,DirectorEngineeringDepartme nt caption2:Motionto approveSupplementalAgreementNumberFive (5)withPBS&Jintheamountof$77,000forevalu ationof potentialsourcesofcontaminationassociatedwith undergroundstoragetanksandhazardouswastesites concerningtheWrightsboroRoadImprovementsfrom JimmieDyessParkwaytoI-520,CPB#323-04-29682330 9. FundswillbetransferredfromtheProjectRightof Way AccounttotheProjectEngineeringAccount.(Approvedby EngineeringServicesCommitteeJune11,2007) Background:ThisGeorgiaDepartmentofTransportation(GDOT)pr oject willwiden/reconstructWrightsboroRoadfromJimmie DyessParkwaytoI-520.AugustaEngineeringDepartm entis responsiblefordevelopmentofthePreliminaryEngi neering activitiesandhiredPBS&J,Inc.toaccomplishth ese activities. Analysis:PBS&JenteredintoanagreementwithAugusta-Rich mond CountyonOctober19,1999forengineeringdesigns ervices. Theoriginalcontractdidnotaddressresponsibilit yforthe surveyingandtestingofundergroundstorage tanks/hazardouswastesitesforevaluationofpoten tial sourcesofcontaminationwithintheprojectlimits.On September25,2006,GDOTadvisedthatthisresponsib ility belongtotheEngineeringDepartment.GDOThasagre edto fundandacquiretherightofwayonthisprojectt hatfreesup $707,807thathadbeenprogrammedintheprojectRi ghtof Wayaccount.Thisamountwillbetransferredfromt he ProjectRightofWayaccounttotheProjectEnginee ring Account FinancialImpact: PBS&Jhasproposedatotalcostof$77,000toide ntifythe sites,dothefieldtests,analysisanddocumentati onoftheir Cover Memo Item # 49 findings.FundsareavailableintheprojectRight ofWay accountandwillbetransferredtotheProjectEngi neering Account. Alternatives:1)ApproveSupplementalAgreementNumberFive(5)w ith PBS&Jintheamountof$77,000forevaluationof potential sourcesofcontaminationassociatedwithundergroun d storagetanksandhazardouswastesitesconcerningt he WrightsboroRoadImprovementsfromJimmieDyess ParkwaytoI-520,CPB#323-04-296823309.Fundswill be transferredfromtheProjectRightofWayAccountt othe ProjectEngineeringAccount.2)Donotapprovethe request anddelaytheprojectdevelopmentactivitiesonthi s transportationcorridorthatisvitaltoAugusta. Recommendation:ApproveAlternativeNumberOne. Fundsare Availableinthe Following Accounts: 323-041110-5411120296823309-5411120 REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 49 Attachment number 1 Page 1 of 11 Item # 49 Attachment number 1 Page 2 of 11 Item # 49 Attachment number 1 Page 3 of 11 Item # 49 Attachment number 1 Page 4 of 11 Item # 49 Attachment number 1 Page 5 of 11 Item # 49 Attachment number 1 Page 6 of 11 Item # 49 Attachment number 1 Page 7 of 11 Item # 49 Attachment number 1 Page 8 of 11 Item # 49 Attachment number 1 Page 9 of 11 Item # 49 Attachment number 1 Page 10 of 11 Item # 49 Attachment number 1 Page 11 of 11 Item # 49 Augusta-Richmond County, Georgia BE IT ORDAINED by the Commission-Council of Augusta-Richmond County, Georgia that the following Capital Project Budget is hereby amended: Section 1: The project change is authorized to CPB# 323-04-296823309. This change is for the additional funds necessary for Engineering Services associated with the said project, in the total amount of $77,000 to be funded by the project Right-of-Way account within the Special 1% Sales Tax, Phase III Fund. Section 2: The following revenues are anticipated to be available to the Consolidated Government to complete the project. Special 1% Sales Tax, Phase III 1,984,000$ Section 3: The following amounts are appropriated for the project: By Basin By District Raes Creek $1,984,000 3rd 1,984,000$ Section 4: Copies of this Capital Project Budget shall be made available to the Comptroller for direction in carrying out this project. Adopted this ____________________ day of ______________________. Approved _________________________________________________ Original-Commission Council Office Copy-Engineering Department Copy-Finance Department Copy-Procurement Department Honorable Deke Copenhaver, Mayor CPB#323-04-296823309 CAPITAL PROJECT BUDGET WRIGHTSBORO ROAD IMPROVEMENTS CHANGE NUMBER SIX Attachment number 2 Page 1 of 2 Item # 49 Augusta-Richmond County, Georgia CPB#323-04-296823309 CAPITAL PROJECT BUDGET WRIGHTSBORO ROAD IMPROVEMENTS CHANGE NUMBER SIX CPB AMOUNT CPB NEW SOURCE OF FUNDS CPB CHANGE CPB SPECIAL 1% SALES TAX, PHASE III 323-04-0000-0000000-296823309 ($1,984,000) $0 ($1,984,000) TOTAL SOURCES: ($1,984,000) $0 ($1,984,000) USE OF FUNDS ENGINEERING 323-04-1110-5212115-296823309 $792,193 $77,000 $869,193 RIGHT-OF-WAY 323-04-1110-5411120/296823309 $707,807 ($77,000)$630,807 CONTINGENCY 323-04-1110-6011110/296823309 $44,000 $0 $44,000 TRAFFIC SIGNAL 323-04-1110-5414610/296823309 $40,000 $0 $40,000 UTILITY RELOCATION 323-04-1110-5414510/296823309 $400,000 $0 $400,000 $0 TOTAL USES: $1,984,000 $0 $1,984,000 Attachment number 2 Page 2 of 2 Item # 49 CommissionMeetingAgenda 6/19/20072:00PM Minutes Department:ClerkofCommission caption2:Motiontoapprovetheminutesoftheregularmeetin gofthe AugustaCommissionheldJune5,2007. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 50 CommissionMeetingAgenda 6/19/20072:00PM 1945RichmondEmployeesPensionFundActAmendedan dRestated Department:CountyAttorney caption2:Anordinancetoamendandrestatethe1945Richmond EmployeesPensionFundActandanyamendmentsthere after tocomplywiththeInternalRevenueServiceLawsan d Regulations;torepealallordinancesorpartsoro rdinancesin conflictwiththisordinance. Background:TheAugusta-RichmondCountyCommission,approvedth e restatementofthe“1945RichmondEmployeesPension Fund”effectiveJanuary1,1984,soastoconformt hePlan withrelevantprovisionsofFederalLawstoinclude TheTax EquityandFiscalResponsibilityActof1982,theD eficit ReductionActof1984,theRetirementEquityActof 1984, theTaxReformActof1986,theOmnibusBudget ReconciliationActof1986,TheOmnibusReconciliat ionAct of1987,theTechnicalandMiscellaneousRevenueAc tof 1988,theOmnibusBudgetReconciliationActof1989 and otherapplicablelaws.Ithasbeenreviewedbythe Employees'BenefitsCounselandsubmittedtotheIn ternal RevenueService.TheCityhasreceivedafavorable determinationletteronitssubmissionprovidedthe pension fundplanisre-adoptedincludingapprovedamendmen tsto reflectchangesinthetaxlaws.Thechangeswerem adeby theCounsel.Theauthoritytoamendtheoriginallo calAct havingbeengrantedbyO.C.G.A.Section36-35-3, providingforhomerulebymunicipalitiesandthe ConstitutionoftheStateofGeorgiaprovidingfor homerule bycounties.ThePlancoversemployeeshiredonor before September30,1975,meaningnoonehiredafterthat dateis eligibletoparticipateinthePlan. Analysis:ItisnecessaryfortheAugusta-RichmondCounty Commissiontoadopttheattachedamendedandrestat edAct fortaxpurposes. Cover Memo Item # 51 FinancialImpact:N/A Alternatives:None Recommendation:Amendandrestateasproposedthe1945“Richmond EmployeesPensionFund”whichincludesanyandall amendmentsnecessary,inopinionofCounsel,tocom ply withtheInternalRevenueServiceLawsandRegulati ons. Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 51 LEGAL_US_E # 70724062.5 DRAFT (11/21/2006) ORDINANCE NO. ______________ AN ORDINANCE TO AMEND AND RESTATE ORDINANCE NUMBER 6657, THE RICHMOND EMPLOYEES PENSION FUND ; ADOPTED ____________________; TO PROVIDE FOR SEVERABILITY; TO REPEAL CONFLICTING ORDINANCES AND FOR OTHER PURPOSES RICHMOND EMPLOYEES PENSION FUND As Amended and Restated Effective January 1, 1984 (Except as Otherwise Provided Herein) Attachment number 1 Page 1 of 41 Item # 51 TABLE OF CONTENTS PAGE LEGAL_US_E # 70724062.5 INTRODUCTION..........................................................................................................................1 SECTION 1 DEFINITIONS.................................................................................................3 1.01 Accrued Benefit......................................................................................................3 1.02 Actuarial Equivalent...............................................................................................3 1.03 Average Earnings...................................................................................................3 1.04 Beneficiary.............................................................................................................3 1.05 Code .......................................................................................................................3 1.06 Commission............................................................................................................4 1.07 Contributions..........................................................................................................4 1.08 Credited Service.....................................................................................................4 1.09 Earnings..................................................................................................................5 1.10 Effective Date.........................................................................................................6 1.11 Employee................................................................................................................6 1.12 Employer or County...............................................................................................6 1.13 Fund........................................................................................................................6 1.14 Interest....................................................................................................................6 1.15 Joint Annuitant. ....................................................................................................6 1.16 Participant...............................................................................................................7 1.17 Payee......................................................................................................................7 1.18 Plan.........................................................................................................................7 1.19 Plan Year................................................................................................................7 1.20 Total and Permanent Disability..............................................................................7 1.21 Trust Agreement or Trust.......................................................................................7 1.22 Trustee....................................................................................................................8 1.23 Vested Percentage..................................................................................................8 SECTION 2 ELIGIBILITY AND PARTICIPATION .........................................................8 2.01 Eligibility. .............................................................................................................8 2.02 Probationary Period................................................................................................8 2.03 Special Rules for Pre-1997.....................................................................................8 SECTION 3 RETIREMENT DATES AND BENEFITS.....................................................8 3.01 Normal Retirement. ..............................................................................................8 3.02 Early Retirement. .................................................................................................9 Attachment number 1 Page 2 of 41 Item # 51 LEGAL_US_E # 70724062.5 ii 3.03 Disability Retirement. ..........................................................................................9 3.04 Delayed Retirement. ...........................................................................................11 3.05 Termination of Employment................................................................................11 3.06 Cost-of-Living Adjustment of Benefits................................................................12 3.07 Required Distribution Rules Effective January 1, 1987 Through December 31, 2002................................................................................................................13 3.08 Required Distribution Rules Effective January 1, 2003.......................................15 3.09 Code Section 415 Limit........................................................................................19 3.10 Enhanced Early Retirement for 1996. ................................................................22 3.11 Special Unreduced Early Retirement. ................................................................22 3.12 Rollover Distributions. .......................................................................................23 3.13 Supplemental Retirement Benefits.......................................................................24 3.14 Past Increases .......................................................................................................24 3.15 Benefits Payable to Surviving Spouses................................................................25 SECTION 4 DEATH BENEFITS.......................................................................................25 4.01 Death Prior to Retirement. ...................................................................................25 4.02 Death After Retirement........................................................................................26 4.03 Adjusted Benefit. ................................................................................................26 4.04 Designation of Beneficiaries................................................................................26 SECTION 5 CONTRIBUTIONS........................................................................................27 5.01 County Contributions...........................................................................................27 5.02 Participant Contributions. ...................................................................................27 SECTION 6 ADMINISTRATION OF PLAN....................................................................28 6.01 Administration......................................................................................................28 SECTION 7 TRUST FUND AND TRUSTEES.................................................................29 7.01 Trust Fund............................................................................................................29 7.02 Amendment of Trust. .........................................................................................30 7.03 Discontinuance of Trust and Vesting. ................................................................30 7.04 Powers of the Commission...................................................................................30 7.05 Investment of Fund. ............................................................................................31 7.06 Taxation. .............................................................................................................32 7.07 Resignation of Trustee. ......................................................................................32 7.08 Successor Trustees. ............................................................................................32 Attachment number 1 Page 3 of 41 Item # 51 LEGAL_US_E # 70724062.5 iii 7.09 Disbursements. ...................................................................................................32 SECTION 8 AMENDMENT AND TERMINATION .......................................................32 8.01 Amendment of the Plan. .....................................................................................32 8.02 Termination of the Plan. .....................................................................................33 SECTION 9 MISCELLANEOUS.......................................................................................34 9.01 Headings. ............................................................................................................34 9.02 Construction.........................................................................................................34 9.03 Nonalienation. ....................................................................................................35 9.04 Legally Incompetent. ...........................................................................................35 9.05 Benefits Supported Only By Fund. ....................................................................35 9.06 Discrimination......................................................................................................35 9.07 Limitation of Liability; Legal Actions. ..............................................................35 9.08 Claims. ................................................................................................................36 9.09 Forfeitures. .........................................................................................................36 9.10 Maximum of One Benefit at a Time. .................................................................36 9.11 Applications. ......................................................................................................36 9.12 Report of Treasurer. ...........................................................................................36 9.13 Consequence of Plan Violation. .........................................................................36 Attachment number 1 Page 4 of 41 Item # 51 LEGAL_US_E # 70724062.5 1 RICHMOND EMPLOYEES PENSION FUND INTRODUCTION Effective March 1, 1945, the Board of Commissioners of Richmond County established the “Richmond Employees Pension Fund”, hereinafter referred to as the Plan. The Plan covers Employees hired on or before September 30, 1975, meaning no one hired after that date is eligible to participate in the Plan. On ___________ ___, 2006, the Augusta-Richmond County Commission, as successor to the Richmond County Board of Commissioners, approved this restatement of the Plan effective January 1, 1984 (except as otherwise provided herein) so as to conform the Plan with relevant provisions of the following federal laws: the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”), the Deficit Reduction Act of 1984 (“DEFRA”), the Retirement Equity Act of 1984 (“REA”), the Tax Reform Act of 1986, the Omnibus Budget Reconciliation Act of 1986, the Omnibus Budget Reconciliation Act of 1987, the Technical and Miscellaneous Revenue Act of 1988, the Omnibus Budget Reconciliation Act of 1989, the Omnibus Budget Reconciliation Act of 1990 (collectively referred to as “TRA’86”), the Unemployment Compensation Amendments of 1992 (“UCA’92”), the Omnibus Budget Reconciliation Act of 1993 (“OBRA’93”), the Uruguay Round Agreements Act (“GATT”), the Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”), the Small Business Job Protection Act of 1996 (“SBJPA”), the Taxpayer Protection Act of 1997 (“TRA’97”), the Internal Revenue Service Restructuring and Reform Act of 1998 (“RRA’98”), and the Community Renewal Tax Relief Act of 2000 (“CRA” and together with GATT, USERRA, SBJPA, TRA ’97, and RRA ’98 are referred to as “GUST”) and certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), with such EGTRRA amendments being made as good faith compliance with the requirements of EGTRRA, to be construed in accordance with EGTRRA and guidance issued thereunder. It is the County’s intention to fully honor all benefits and rights that Plan Participants have accrued under the Plan prior to this restatement. The Plan shall be administered and construed accordingly, and the Plan’s administrator shall construe and interpret every provision of the Plan’s restatement in a manner that preserves each Plan Participant’s benefits or rights that accrued prior to ___________ ___, 2006. Nevertheless, any Participant whom the Commission does not classify as an Employee on or after January 1, 2006 shall have his benefits and rights determined under the provisions of the Plan that were in effect when the Commission last classified him or her as an Employee. Attachment number 1 Page 5 of 41 Item # 51 LEGAL_US_E # 70724062.5 2 Specifically, the restated Plan honors the following pre-2006 Plan provisions in the following manner: Plan Provision Prior Sections, per Relevant Ordinances Plan Section (as Adopted in 2006) Continued Participation for those employed on 9/30/1975 4 2.01 Funding: Creation and Administration 5 7 Plan Administration 6 6 Benefit Payments 7 7.09 County Contribution 8 5.01 Employee Contributions 9 5.02 Funding Adjustments per Actuary 10 5.01 Levying of Taxes 11 7.06 Fund Assets not County Property 12 7.01(a) Uniform Administration 13 9.06 Normal Retirement Benefits 14-(b) 3.01 Early Retirement Benefits 14-(b) 3.02 Delayed Retirement Benefits 14-(b) 3.04 Calculation of Benefits and Credited Service 14-(b); Paragraph IV 3.05 Cost of Living Adjustments 14-(b); Paragraph V 3.06 Enhanced Early Retirement Benefits 14.1 3.10 Age 35 limit on participation 15 Superseded and inapplicable Special Unreduced Early Retirement (20+ years) 16 3.11 Age 65 retirement 17 Incorporated into 3.01 Disability Retirement Benefits 18 3.03 Disability if 12+ years of service 19 3.03(a) (see parentheses) Past Increases to be honored 20 3.14 Return of Employee Contributions 20(A) 5.02(c) Cost of Living Adjustments 20(A) 3.06 Survivorship Benefit 21 4.01(a) Reemployment 22 1.08 (d) Honor Past Provisions 23 Introduction Surviving Spouse Benefits; Benefits for Widows of Employees Killed in Line of Duty 24(A); 24(B); and 24-C 4.02; and 4.01(b) The Plan will be administered by the Commission as described in Section 6. All benefits to be provided under the Plan will be funded under a trust established in accordance with Section 7. None of the retirement provisions of the Plan shall be construed to repeal or in any manner interfere with the Acts of the Extra Session of Georgia Laws, 1937-1938, pages 875-880, inclusive, designated “Richmond Officers and Employees Act” and amendments thereof; or hereafter made, provided, this Plan shall not be construed to include within the Plan any employee not heretofore covered by the “Richmond Officers and Employees Act.” Attachment number 1 Page 6 of 41 Item # 51 LEGAL_US_E # 70724062.5 3 SECTION 1 DEFINITIONS As used herein, unless otherwise defined or required by the context, the following words and phrases shall have the meanings indicated: 1.01 Accrued Benefit. The retirement benefit which the Participant has earned as of the date of determination, calculated under Subsection 3.01(b) on the basis of his Average Earnings and Credited Service, which is payable as of his Normal Retirement Date in the form of a life annuity, with a guarantee of the refund of Employee Contributions with Interest for the Participant who dies before receiving an amount of benefit payments that at least equal his Employee Contributions with interest. 1.02 Actuarial Equivalent. (a) A benefit of equal value computed on the basis of (a) the 1971 Group Annuity Mortality Table, and (b) interest at 6% compounded annually for forms of payment other than lump sum; the interest rate used to determine the equivalent lump sum value of monthly benefits will be in the PBGC schedule of immediate and graded deferred rates in effect on the first day of the Plan Year in which the benefit is calculated. (b) Effective January 1, 1995, the table referenced in clause (i) of subsection (a) shall be a mortality table based on a fixed blend of 50% of the male mortality rates and 50% the female mortality rates from the 83 GAM table, 83 GAM Unisex, as provided under Revenue Ruling 95-6. (c) Effective with respect to annuity starting dates on or after December 31, 2002, the table referenced in clause (i) of subsection (a) shall be a mortality table based upon a fixed blend of 50% of the unloaded male mortality rates and 50% of the unloaded female mortality rates underlying the mortality rates in the 1994 Group Annuity Reserving Table, projected to 2002, 94 GAR, as provided under Revenue Ruling 2001-62. 1.03 Average Earnings. The monthly average of a Participant’s Earnings for the five (5) consecutive calendar years immediately preceding the earlier to occur of: (a) the date on which the Participant’s employment with the County terminates for any reason or (b) the Participant’s actual retirement date. Average Earnings shall be determined by dividing the total Earnings received by the Participant during the appropriate five-year period, or lesser number of years if applicable, by the number of months for which he or she received earnings in such periods. 1.04 Beneficiary. The person(s) designated by the Participant in accordance with Section 4.04 who is entitled to receive benefits at the death of a Participant under Section 3 or 4. 1.05 Code. The Internal Revenue Code of 1986 as amended from time to time, and regulations or rulings issued thereunder. Attachment number 1 Page 7 of 41 Item # 51 LEGAL_US_E # 70724062.5 4 1.06 Commission. Augusta-Richmond County Commission, as successor to the Richmond County Board of Commissioners, which shall act in the dual capacity of administrator of the Plan and Trustee of the Fund. 1.07 Contributions. The payments made by the Participants to the Fund in accordance with Section 5. 1.08 Credited Service. (a) The number of years of uninterrupted and continuous employment (completed months expressed as a fractional year) of the Employee with the Employer from (a) the date he last entered the employment of the Employer, to (b) the earlier of his date of termination of employment for any reason or his actual retirement date. (b) Credited Service will not be interrupted by: (1) vacation, or approved leave of absence authorized by the Employer in accordance with a uniform policy applied on a nondiscriminatory basis to all Employees similarly situated; (2) voluntary or involuntary service in the Armed Forces of the United States, provided the Employee retains statutory reemployment rights under applicable state or federal law, and resumes employment after his honorable discharge from military duty within the time required by such law; (3) reelection or reappointment at the end of a term; or (4) periods during which the Employee incurs a Total and Permanent Disability within the meaning of Section 3.03, provided that he recovers from a Total and Permanent Disability and is reemployed by the Employer as required under Section 3.03(e) or 3.03(f). (c) For benefit purposes, no Participant will receive any credit for any period of inactive employment. For vesting purposes, an Employee who has one or more breaks in employment will receive credit only from his most recent date of reemployment. (d) Notwithstanding anything in this Section to the contrary, any Participant who before retirement, voluntarily separates from his employment as provided for in this Act, or is discharged, or his office or position abolished, as provided by the "Richmond Officers and Employees Act" appearing in Georgia Laws, Extra Session 1937-1938, pages 875-880, inclusive, as amended or hereafter amended, or is discharged by an elective officer of Richmond County under whom he is employed, and is thereafter re-employed as an Employee, upon the presentation to the Commission of a certificate from the County Physician of Richmond County, certifying that such Employee is in good health and able to perform actively the duties of his employment, his services prior to such separation or discharge shall be counted in his length of continuous permanent employment after being so Attachment number 1 Page 8 of 41 Item # 51 LEGAL_US_E # 70724062.5 5 re-employed, provided he shall pay back into the Fund, by paying the Treasurer, within twelve months of filing such certificate with the Commission, the amount refunded to such Participant by reason of such separation or discharge. (e) Effective December 12, 1994, notwithstanding anything in the Plan to the contrary, contributions, benefits, and service credit with respect to qualified military service shall be provided in accordance with Section 414(u) of the Code. 1.09 Earnings. (a) The total salary, wages, or remuneration paid to the Participant by the Employer during any Plan Year. Effective as of January 1, 1998, the term “Earnings” shall also include any elective deferral (within the meaning of Code Section 402(g)(3)) and any amounts that are deferred by the Employer at the election of the Employee that are not included in the Employee’s gross income pursuant to Code Section 125 or 457. Effective January 1, 2001, Earnings shall also include elective amounts that are not includable in the Employee’s gross income by reason of Code Section 132(f)(4). With respect to Plan Years from January 1, 1989 through December 31, 1996, the rules of Code Section 414(q)(6) shall apply in determining a Participant’s Earnings, except that the term “family” includes only the Participant’s spouse and any lineal descendants who have not attained age 19 before the end of the Plan Year. (b) Effective January 1, 2006, a Participant’s Earnings shall be disregarded to the extent such Earnings exceed $220,000, as such amount may be adjusted from time to time for increases in the cost of living in accordance with the Code and regulations thereunder. With respect to Plan Years from January 1, 2005 through December 31, 2005, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$210,000”. With respect to Plan Years from January 1, 2004 through December 31, 2004, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$205,000”. With respect to Plan Years from January 1, 2002 through December 31, 2003, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$200,000”. With respect to Plan Years from January 1, 2001 through December 31, 2001, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$170,000”. With respect to Plan Years from January 1, 1994 through December 31, 2000, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$150,000”. With respect to Plan Years from January 1, 1989 through December 31, 1993, “$220,000” in the first sentence of this Section 1.14(b) shall be replaced with “$200,000”. With respect to Plan Years from January 1, 1976 through December 31, 1983, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$100,000”. (c) Notwithstanding anything in this Section 1.09 to the contrary, benefits for any retired County Attorney who retired under this Plan prior to October 1, 1975 shall be computed as if the Earnings for such County Attorney of Richmond County, Georgia is $20,000 per annum, notwithstanding what amount he County incurred Attachment number 1 Page 9 of 41 Item # 51 LEGAL_US_E # 70724062.5 6 or spent per annum for legal services, and the benefits shall be computed from January 1, 1973. 1.10 Effective Date. For purposes of this Plan as restated, except as otherwise set forth herein, the “Effective Date” shall be January 1, 1984. The Plan was originally established effective March 1, 1945. 1.11 Employee. Any employee, officer, appointee or electee of the Commission as now constituted or hereafter constituted, and any employee, officer, appointee under any official of the County as now constituted or hereafter constituted, by excluding: (a) any person for whom the County makes contributions directly to another retirement system or pension fund, including the Social Security retirement system; (b) any person whose customary employment is for less than thirty hours a week or an aggregate of less than six months in any calendar year; (c) employees of the Richmond County Department of Health and Department of Family and Children's Services of Richmond County; (d) the County Agent, County Home Demonstration Agent and the employees thereof; (e) officers elected by vote of the electorate; (f) the employees, officers, appointees and electees of the Department of Public Welfare of Richmond County, (g) the employees, officers, appointees and electees of the Richmond County Board of Health; and (h) the County Agent and County Home Demonstration Agent of Richmond County; 1.12 Employer or County. Augusta-Richmond County, as successor by consolidation to The City Council of Augusta and Richmond County, created by 1995 Ga. Laws p. 3648, as amended. 1.13 Fund. The Richmond County Pension Fund trust fund created in accordance with the Plan and Trust. 1.14 Interest. Interest credited on Contributions from the January 1 next following the date of which such Contributions are made to the earlier of: (a) the date of the Participant’s termination of employment for any reason and (b) the Participant’s Normal Retirement Date, with such interest compounded annually at the rate of 5% per annum. 1.15 Joint Annuitant. The person designated by the Participant to receive payments after the death of the Participant as provided in accordance with Section 3. Attachment number 1 Page 10 of 41 Item # 51 LEGAL_US_E # 70724062.5 7 1.16 Participant. An Employee who is eligible to participate in the Plan as provided in Section 2. 1.17 Payee. The Beneficiary or Joint Annuitant designated by the Participant in accordance with Section 1.04 or 1.15 to receive benefits under the Plan after his death. 1.18 Plan. The Richmond Employees Pension Fund as contained herein, all amendments thereto which may hereafter be made, and any existing acts of the General Assembly of Georgia pertaining to the Richmond Employees Pension Fund. The Plan shall include the Trust as hereinafter defined. 1.19 Plan Year. The twelve month period ending December 31 of each year. 1.20 Total and Permanent Disability. The Commission shall determine whether a Participant shall be considered Totally and Permanently Disabled and the Commission shall declare in its findings whether or not such disability is permanent and total. The Commission shall base its determination as to whether a Participant is Totally and Permanently Disabled on whether the Participant is not able, on account of disability received in the discharge of his duties, to adequately discharge the duties of his job or office, nor ever will be; provided that no Participant shall be declared to be Totally and Permanently Disabled to discharge the duties of his job or office, except upon the recommendation of three (3) reputable physicians, after examination, who shall consider the case and make their findings. One of the physicians shall be selected by the Commission, one by the Participant, and these two shall select the third. The recommendation of the physicians shall state that they "find the Participant totally and permanently disabled from performing the duties of his job or office” and or that they “do not find the Participant totally and permanently disabled from performing the duties of his job or office” and the majority report of the physicians shall govern. Should the report of the physicians state that they “find the Participant totally and permanently disabled from performing the duties of his job or office”, then the Employee shall be declared Totally and Permanently Disabled, and entitled to receive the benefit is provided in Section 3.03, and his right to receive the benefits shall date back to the time of injury. If, after the Employee is declared Totally and Permanently Disabled, he desires to accept other employment offered him by the Commission, with the County or under a County- elected official, and he is also able to perform such employment, as such duties, he shall be paid at least as much as he would receive from his pension but shall not receive a pension. If, after the Employee has accepted such new employment, he wishes to leave such employment for any reason fit he may be returned immediately to the pension list at the sum that he was retired on, and the Commission may strike him from the payroll and return him to the pension list at any time it sees fit. Notwithstanding anything in this Section to the contrary, whether a Participant is Totally and Permanently Disabled shall be subject to the exclusions set forth in Section 3.03. 1.21 Trust Agreement or Trust. The agreement of trust between the Commission, in its capacity as the governing body of the Employer and the Commission, in its capacity as Attachment number 1 Page 11 of 41 Item # 51 LEGAL_US_E # 70724062.5 8 Trustee, which shall govern the continuation and maintenance of the trust fund, and all amendments thereto. 1.22 Trustee. The Commission in its capacity as trustee. 1.23 Vested Percentage. Vested Percentage will be determined in accordance with Section 3.05. SECTION 2 ELIGIBILITY AND PARTICIPATION 2.01 Eligibility. Each Employee on September 30, 1975, who was a Participant in the Plan as of such date shall continue to participate in the Plan in accordance with the provisions hereof. No Employees hired after September 30, 1975 shall be eligible to become a Participant in this Plan. 2.02 Probationary Period. The probationary period is hereby fixed at one (1) year of continuous employment either before or after October 1, 1975, or total continuous employment for one (1) year, part of which is prior to October 1, 1975 and part of which is after October 1, 1975. 2.03 Special Rules for Pre-1997. Each Participant whom the Commission has not classified as an Employee on or after January 1, 1997, shall have his rights under the Plan determined in accordance with such terms of the Plan in effect on the last day of such classification as an Employee. SECTION 3 RETIREMENT DATES AND BENEFITS 3.01 Normal Retirement. Normal retirement under the Plan is retirement from the employ of the County on the Normal Retirement Date. In the event of normal retirement, payment of the retirement benefit shall be governed by the following provisions of this Section. (a) Normal Retirement Date. The Normal Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he reaches age sixty (60). (b) Amount of Retirement Benefit. The monthly retirement benefit payable to a Participant who retires on his Normal Retirement Date shall be an amount equal to 2% of the Participant’s Average Earnings multiplied by the number of years of Credited Service up to a maximum of sixty percent (60%) of the Average Earnings. However, notwithstanding anything in the Plan to the contrary, a Participant will not receive any benefits under the Plan if the Commission in its sole discretion determines that the Participant was involuntarily separated from service with the County due to the Participant’s commission of any one or more of the following: (1) willful misconduct (2) self inflicted injury Attachment number 1 Page 12 of 41 Item # 51 LEGAL_US_E # 70724062.5 9 (3) attempt to injure another person (4) intoxication (5) a crime under any state or federal law (c) Payment of Retirement Benefit. The retirement benefit payable in the event of normal retirement shall be payable on the first day of each month. The first payment shall be made on the Participant’s Normal Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to Section 4.02. 3.02 Early Retirement. Early retirement under the Plan is retirement from the employ of the County prior to the Normal Retirement Date. Early retirement shall be authorized only in the event that the Participant shall have both attained age 50 and completed at least 15 years of Credited Service. In the event of early retirement under these conditions, payment of the retirement benefit shall be governed by the following provisions of this Section. Notwithstanding the foregoing, if a Participant receives special early retirement benefits under Section 3.09 or 3.10, the Participant shall be ineligible for benefits under Section 3.02. (a) Early Retirement Date. The Early Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he retires from the employ of the County under the provision of this Section. (b) Amount of Retirement Benefit. A Participant at retirement on his Early Retirement Date shall at his option receive either: (1) a deferred monthly retirement benefit commencing on his Normal Retirement Date, provided he is then alive, equal to an amount computed in the same manner as for normal retirement in accordance with Section 3.01(b), but based on Credited Service and Average Earnings as of his Early Retirement Date; or (2) an immediate monthly retirement commencing on his Early Retirement Date equal to the benefit determined in Section 3.02(b) above, reduced by 5/12% for each complete month by which the Early Retirement Date of a Participant precedes his Normal Retirement Date. (c) Payment of Retirement Benefit: The monthly retirement benefit payable in the event of early retirement shall be payable on the first day of each month. The first payment shall be made on the optional date elected by the Participant under Section 3.02(b) above and the last payment shall be the payment due next preceding his date of death, subject to Section 4.02. (d) Effective Date. This Section 3.02 is effective as of December 11, 1984. 3.03 Disability Retirement. A Participant may retire under the Plan if he becomes Totally and Permanently Disabled from a cause arising out of and in the course of employment whether the Total and Permanent Disability is caused by injury or illness; and provided Attachment number 1 Page 13 of 41 Item # 51 LEGAL_US_E # 70724062.5 10 that he has, prior to his Total and Permanent Disability, continuously, actively performed the duties of his employment for at least one year as of March 1, 1945. (a) Notwithstanding anything in this Section to the contrary, a Participant shall not be entitled to receive any disability retirement benefit if the Participant’s Disability is a result of any of the following: (1) the Participant’s willful misconduct, (2) the Participant’s self-inflicted injury, (3) the Participant’s attempt to injure another, (4) Participant’s intoxication or (5) the Participant’s commission of a crime under the laws of this state or another state of the United States. (b) Disability Retirement Date. The Disability Retirement Date of a Participant shall be the first day of the month which coincides with or next follows the date the Commission approves payment of the Participant’s disability benefit. (c) Disability Retirement Benefit. The monthly retirement benefit payable to a Participant on his Disability Retirement Date shall be equal to one half of the highest Earnings that the Participant has received as a Participant within the period of seventy-two (72) months immediately preceding his Total and Permanent Disability; provided however, that should such Participant receive any Workmen's Compensation while so disabled, such Workmen's Compensation so received, excluding, medical, doctor, nursing and hospitalization, shall be subtracted from any pension voucher paid to the Participant, and he shall receive only the excess of any pension due him after the subtraction of the amount of Workmen’s Compensation received by him, less any other indebtedness due the County by the Participant. Such retirement shall herein be referred to as disability retirement and payment of the disability retirement benefit shall be governed by the following provisions of this Section. (d) Payment of Disability Retirement Benefit. The retirement benefit to which a Participant is entitled in the event of his Total and Permanent Disability shall be payable on the first day of each month. The first payment shall be made on the Participant’s Disability Retirement Date and the last payment shall be the payment due next preceding the earlier of: (a) his date of death (subject to the provisions of Section 4.02), or (b) the cessation of his Total and Permanent Disability prior to his Normal Retirement Date. (e) Termination of Disability Retirement Benefit. If the Participant’s Total and Permanent Disability ceases prior to his Normal Retirement Date and he does not reenter the employ of the County within 60 days after his recovery, all rights of the Participant in and to a disability retirement benefit shall cease and he shall be entitled solely to the benefits, if any, provided in: Attachment number 1 Page 14 of 41 Item # 51 LEGAL_US_E # 70724062.5 11 (1) Section 3.02, if he had satisfied the requirements for early retirement as of the date of inception of Total and Permanent Disability, or (2) Section 3.05, if he had not satisfied the requirements for early retirement, and (3) either such benefit shall be based on his Credited Service and Earnings as of the date of inception of Total and Permanent Disability. (f) If the Participant’s Total and Permanent Disability ceases prior to his Normal Retirement Date and he is re-employed by the County within 60 days following the date such Total and Permanent Disability ceases, his employment will be deemed to have been continuous; provided that the period beginning with the first month for which he received a disability payment and ending with the date of reemployment will not be considered as Credited Service for purposes of the Plan. 3.04 Delayed Retirement. Delayed retirement under the Plan is retirement from the employ of the County after the Normal Retirement Date. A Participant may remain in the active employ of the County beyond his Normal Retirement Date only at the request of the Commission and for such periods of additional employment as shall be mutually agreed upon; provided that the Plan’s administrator shall not interpret this sentence in a manner that would violate the Age Discrimination in Employment Amendments of 1986, as amended. In the event of delayed retirement, payment of the retirement benefit shall be governed by the following provisions of this Section. (a) Delayed Retirement Date. The Delayed Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he actually retires from the employ of the County after his Normal Retirement Date. (b) Amount of Retirement Benefit. The monthly retirement benefit payable to a Participant who retires on his Delayed Retirement Date shall be an amount computed in the same manner as for normal retirement in accordance with Section 3.01(b), but based on Credited Service and Average Earnings as of his actual retirement date; provided, however, such amount shall not be less than the monthly benefit the Participant would have received had he retired on his Normal Retirement Date. (c) Payment of Retirement Benefit. The retirement benefit payable in the event of delayed retirement shall be payable on the first day of each month. The first payment shall be made on the Participant’s Delayed Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to Section 4.02. (d) Effective Date. This Section 3.04 is effective as of December 11, 1984. 3.05 Termination of Employment. (a) A Participant who terminates employment with the County prior to the completion of 10 years of Credited Service, for any reason other than death, Attachment number 1 Page 15 of 41 Item # 51 LEGAL_US_E # 70724062.5 12 disability (as defined within this act) or retirement, shall receive a lump-sum cash amount equal the total of his Contributions with 5% interest computed from January 1, 1977, payable within 60 days following his date of termination. (b) A Participant who terminates employment with the County for any reason other than death, disability, or early retirement after the completion of at least 10 years of Credited Service, shall receive a deferred retirement benefit commencing on his Normal Retirement Date, provided he is then alive, equal to the monthly benefit computed in the same manner as for normal retirement in accordance with Section 3.01(b) but determined as of his date of termination, multiplied by the applicable percentage (his “Vested Percentage”) based on completed years of Credited Service in accordance with the following tables Completed Years of Credited Service at Termination Date Applicable Percentages of Monthly Benefit Payable Effective Benefit Rate Less than 10 0% --0-- 10 50 10.0% 11 60 13.2 12 70 16.8 13 80 20.8 14 90 25.2 15 of more 100% 30.0 + (c) Notwithstanding anything in the Plan to the contrary, in lieu of the deferred monthly retirement benefit provided in Section 3.05(B), the terminated Participant (or his or her Beneficiary, if applicable) may elect to receive a lump-sum amount equal to the total of his Contributions with 5% Interest computed from January 1, 1977, such amount to be payable within 60 days following the date of termination. (d) Effective Date. This Section 3.05 is effective as of December 11, 1984. 3.06 Cost-of-Living Adjustment of Benefits. All retirement and disability benefits received under this Section 3 shall be adjusted annually pursuant to this Section 3.06. (a) Definition of Terms Used in This Section. (1) “Current Cost-of-Living Index” means the average of the monthly Consumer Price Index for the 12 month period ending December 31 each year as determined by the Bureau of Labor Statistics of the United States Department of Labor for all items and major groups, United States city average. Attachment number 1 Page 16 of 41 Item # 51 LEGAL_US_E # 70724062.5 13 (2) “Participant Base Index” means A. For any Participant who dies or retires under the provisions of this Plan on or after October 1, 1975, the average of the Consumer Price Index for the twelve-month period ending prior to the date of death or retirement; B. For any Participant who dies or retired under this Plan prior to October 1, 1975, the average of the Consumer Price Index for the calendar year ending December 31, 1975. In the event the base year used in computing the monthly Consumer Price Index should be changed by the Bureau of Labor Statistics, the Commission, with the advice of the Plan actuary, shall adjust the Participant Base Index of each retired Participant with benefit payments commencing during the first year in which such change was made so as to effect the original intent of this Section in an equitable manner. (3) “Adjusted Participant Index” means the Participant Base Index adjusted for all percentage adjustments made in benefits prior to the current Annual Adjustment Date. (4) “Annual Adjustment Date” means March 1st of each year commencing (a) March 1, 1976 as to any Participant who dies or retires on or after October 1, 1975, and (b) March 1, 1976 as to any Participant who dies or retires on or before October 1, 1975. (b) Annual Adjustment. The Commission shall ascertain the Current Cost-of-Living Index as of January 1 each year and the benefits being paid under Sections 3, 4, or 5 to any Participants, Beneficiary, or Joint Annuitant, as previously adjusted under this Section, shall be further adjusted as of the Annual Adjustment Date as follows: (1) If the Current Cost-of-Living Index is more than 100% of the Adjusted Participant Index, the benefit shall be increased by a percentage equal to the difference between (a) the percentage representing the Current Cost- of-Living Index divided by the Adjusted Participant Index and (b) 100%. (2) If the Current Cost-of-Living Index is less than 100% of the Adjusted Participant Index, the benefit shall remain unchanged. (3) Effective December 6, 1979, notwithstanding the foregoing provisions of this Section, no increase in the amount of the monthly retirement benefit due to changes in the Current Cost-of-Living Index, effective at any Annual Adjustment Date, shall be in excess of 5% of the amount of the monthly retirement benefit payable immediately prior to such date. (4) Effective Date. Except as otherwise noted, this Section 3.06 is effective as of December 11, 1984. 3.07 Required Distribution Rules Effective January 1, 1987 Through December 31, 2002. Attachment number 1 Page 17 of 41 Item # 51 LEGAL_US_E # 70724062.5 14 (a) Payment to the Participant. (1) Any other provision of the Plan notwithstanding, the Plan will cash-out each Participant’s Accrued Benefit, or will begin annuity payments, no later than the April 1 following the calendar year in which he retires, or the later calendar year in which he reaches age 70½. (2) The Plan will pay the Accrued Benefit over a period not extending beyond the Participant’s lifetime or life expectancy, or over a period not extending beyond the joint and last survivor life expectancies of the Participant and his spouse or other beneficiary, using age(s) attained as of the end of the calendar year in which the Participant retires (or reaches age 70½ if later), and the Accrued Benefit as of that date. However, if the beneficiary of a joint and survivor annuity form of payment is not the spouse and is more than 10 years younger than the Participant, payments to the beneficiary will not exceed the applicable percentage of the Participant’s benefit payments required by the incidental benefit rule. The Commission will not recalculate the life expectancy(s). (b) Participant’s Death After Benefits Begin. If the Participant dies after his payments have begun in a survivor annuity form, the Commission will pay the survivor benefits at least as rapidly as under the form of annuity in effect before his death. (c) Participant’s Death Before Benefits Begin. If the Participant dies before his payments have begun, the Commission will pay his entire Accrued Benefit no later than December 31 of the calendar year which contains the fifth anniversary of his death. However, this five-year rule will not apply if the primary Beneficiary is an individual and circumstances permit the Commission to use the exception described below. (1) Surviving Spouse as Primary Beneficiary. If the Participant’s surviving spouse is the Beneficiary, the Commission will begin payments not later than the end of the calendar year during which the Participant would have reached age 70½, and will continue payments over a period not extending beyond the Participant’s spouse’s life expectancy, using age attained as of that date and not recalculated. (2) Non-Spouse Primary Beneficiary. If the Beneficiary is an individual other than the Participant’s spouse, the Commission will begin payments not later than the last day of the calendar year following the year in which the Participant’s death occurs, and will continue payments over a period not extending beyond the Beneficiary’s life, or life expectancy determined as of that date and not recalculated. If the Beneficiary dies before receiving 120 payments under the ten years certain and life annuity described in Section 5.02, the Commission will continue to use the primary Beneficiary’s life expectancy for purposes of making payments to an individual contingent Beneficiary. Attachment number 1 Page 18 of 41 Item # 51 LEGAL_US_E # 70724062.5 15 (d) Compliance with Code Section 401(a)(9). Effective January 1, 1987, it is the intent of the Commission that this Section provide that the beginning dates and payment periods of benefits payable to each Participant and Beneficiary will be within the limitations permitted under Code Section 401(a)(9), as in effect from time to time, and the proposed regulations under Code Section 401(a)(9) published in the Federal Register on July 27, 1987, 52 FR 28070. If there is any discrepancy between this Section 3.07 and Code Section 401(a) (9) and its associated regulations, that Code Section and regulations will prevail. 3.08 Required Distribution Rules Effective January 1, 2003. (a) General Rules. (1) Precedence. The requirements of this article will take precedence over any inconsistent provisions of the Plan. (2) Requirements of Treasury Regulations Incorporated. All distributions required under this Section 3.08 will be determined and made in accordance with the Treasury regulations under Section 401(a)(9) of the Internal Revenue Code. (b) Time and Manner of Distribution. (1) Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the participant’s Required Beginning Date. (2) Death of a Participant Before Distributions Begin. If the Participant dies before the distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: A. If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, then distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later. B. If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, then distributions to the Designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. C. If there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. D. If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, this Section 3.08(b)(2), other than section 3.08(b)(2)A., will apply as if the surviving spouse were the participant. Attachment number 1 Page 19 of 41 Item # 51 LEGAL_US_E # 70724062.5 16 For purposes of this section 3.08(b)(2) and section 3.08(e), distributions are considered to begin on the Participant’s Required Beginning Date (or, if section 3.08(b)(2)D. applies, the date distributions are required to begin to the surviving spouse under section 3.08(b)(2)A.). If annuity payments irrevocably commence to the Participant before the Participant’s Required Beginning Date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under section 3.08(b)(2)A.), the date distributions are considered to begin is the date distributions actually commence. (3) Form of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the Required Beginning Date, as of the first distribution calendar year distributions will be made in accordance with Sections 3.09(c), 3.09(d) and 3.09(e) hereof. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Code Section 401(a)(9) and the Treasury regulations. Any part of the Participant’s interest which is in the form of an individual account described in Code Section 414(k)will be distributed in a manner satisfying the requirements of Code Section 401(a)(9) and the Treasury regulations that apply to individual accounts. (c) Determination of Amount to be Distributed Each Year. (1) General Annuity Requirements. If the Participant’s interest is paid in the form of annuity distributions under the Plan, payments under the annuity will satisfy the following requirements: A. the annuity distributions will be paid in periodic payments made at intervals not longer than one year; B. the distribution period will be over a life (or lives) or over a period certain not longer than the period described in section 4 or 5; C. once payments have begun over a period certain, the period certain will not be changed even if the period certain is shorter than the maximum permitted; D. payments will either be nonincreasing or increase only as follows: (i) by an annual percentage increase that does not exceed the annual percentage increase in a cost-of-living index that is based on prices of all items and issued by the Bureau of Labor Statistics; (ii) to the extent of the reduction in the amount of the participant’s payments to provide for a survivor benefit upon death, but only if the beneficiary whose life was being used to determine the distribution period described in section 4 dies or is no longer the participant’s beneficiary pursuant to a qualified domestic relations order within the meaning of section 414(p); Attachment number 1 Page 20 of 41 Item # 51 LEGAL_US_E # 70724062.5 17 (iii) to provide cash refunds of employee contributions upon the participant’s death; or (iv) to pay increased benefits that result from a plan amendment. (2) Amount Required to be Distributed by Required Beginning Date. The amount that must be distributed on or before the Participant’s Required Beginning Date (or, if the participant dies before distributions begin, the date distributions are required to begin under section 3.08(b)(2)A. or 3.08(b)(2)B.) is the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Payment intervals are the periods for which payments are received, e.g., bi-monthly, monthly, semi-annually, or annually. All of the Participant’s benefit accruals as of the last day of the first distribution calendar year will be included in the calculation of the amount of the annuity payments for payment intervals ending on or after the Participant’s Required Beginning Date. (3) Additional Accruals After First Distribution Calendar Year. Any additional benefits accruing to the Participant in a calendar year after the first distribution calendar year will be distributed beginning with the first payment interval ending in the calendar year immediately following the calendar year in which such amount accrues. (d) Requirements for Annuity Distributions that Commence During Participant’s Lifetime. (1) Joint Life Annuities Where the Beneficiary is Not the Participant’s Spouse. If the Participant’s interest is being distributed in the form of a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the Designated Beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant using the table set forth in Q&A-2 of section 1.401(a)(9)-6T of the Treasury regulations. If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the Designated Beneficiary after the expiration of the period certain (2) Period Certain Annuities. Unless the Participant’s spouse is the sole Designated Beneficiary and the form of distribution is a period certain and no life annuity, the period certain for an annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in Attachment number 1 Page 21 of 41 Item # 51 LEGAL_US_E # 70724062.5 18 section 1.401(a)(9)-9 of the Treasury regulations for the calendar year that contains the annuity starting date. If the annuity starting date precedes the year in which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations plus the excess of 70 over the age of the Participant as of the Participant’s birthday in the year that contains the annuity starting date. If the Participant’s spouse is the Participant’s sole Designated Beneficiary and the form of distribution is a period certain and no life annuity, the period certain may not exceed the longer of the Participant’s applicable distribution period, as determined under this Section 3.08(d)(2), or the joint life and last survivor expectancy of the Participant and the Participant’s spouse as determined under the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the calendar year that contains the annuity starting date. (e) Requirements for Minimum Distributions Where Participant Dies Before Date Distributions Begin. (1) Participant Survived by Designated Beneficiary. If the Participant dies before the date distribution of his or her interest begins and there is a Designated Beneficiary, the Participant’s entire interest will be distributed, beginning no later than the time described in section 3.08(b)(2)A. or 3.08(b)(2)B., over the life of the Designated Beneficiary or over a period certain not exceeding: A. unless the annuity starting date is before the first distribution calendar year, the life expectancy of the Designated Beneficiary determined using the beneficiary’s age as of the beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or B. if the annuity starting date is before the first distribution calendar year, the life expectancy of the Designated Beneficiary determined using the beneficiary’s age as of the beneficiary’s birthday in the calendar year that contains the annuity starting date. (2) No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the participant’s death. (3) Death of Surviving Spouse Before Distributions to Surviving Spouse Begin. If the Participant dies before the date distribution of his or her interest begins, the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, and the surviving spouse dies before distributions to the surviving spouse begin, this section 5 will apply as if the surviving Attachment number 1 Page 22 of 41 Item # 51 LEGAL_US_E # 70724062.5 19 spouse were the Participant, except that the time by which distributions must begin will be determined without regard to section 2.2(a). (f) Definitions. For purposes of this Section 3.08, the capitalized terms used herein shall have the following meanings: (1) Designated Beneficiary. The individual who is designated as the Beneficiary under Section 4.04 of the Plan and is the designated beneficiary under section 401(a)(9) of the Internal Revenue Code and section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations. (2) Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first distribution calendar year is the calendar rear in which distributions are required to begin pursuant to section 3.08(b)(2). (3) Life Expectancy. Life expectancy as computed by use of the Single Life Table in section 1.401(a) (9)-9 of the Treasury regulations. (4) Required Beginning Date. April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70½ or the calendar year in which the Participant retires from employment with the City. 3.09 Code Section 415 Limit. (a) Definitions. When used in this Section 3.09, the following terms shall have the definitions set forth in this Section 3.09(a). (1) Defined Benefit Dollar Limitation. A. Effective as of January 1, 1976, the “Defined Benefit Dollar Limitation” is $75,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. B. Effective as of January 1, 1983, the “Defined Benefit Dollar Limitation” is $90,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. Attachment number 1 Page 23 of 41 Item # 51 LEGAL_US_E # 70724062.5 20 C. Effective as of January 1, 2002, the “Defined Benefit Dollar Limitation” is $160,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. (2) Defined Benefit Compensation Limitation. The “Defined Benefit Compensation Limitation” is 100% of Participant’s average compensation for his or her high 3 years of employment with the City. (3) Maximum Permissible Benefit. The “Maximum Permissible Benefit” is the lesser of the Defined Benefit Dollar Limitation or the Defined Benefit Compensation Limitation (both adjusted where required, as provided in paragraphs (A) of (B) of this Section 3.09(a)(1). (4) Minimum Age. A. Effective as of January 1, 1976, the “Minimum Age” is 55. B. Effective as of January 1, 1983, the “Minimum Age” is 62. (5) Maximum Age. Effective as of January 1, 1983, the “Maximum Age” is 65. (b) Limitation on Benefits. (1) Effective January 1, 1976 and subject to this Section 3.09, in no event will the annual benefits payable to any Participant exceed the Maximum Permissible Benefit at the time the Participant ceases to accrue Credited Service. (2) In accordance with Code Section 415(b)(10), notwithstanding anything in this Section 3.09 to the contrary, for purposes of Employees who became Participants before January 1, 1990, the benefit limitations contained in this Section 3.09 shall not be less than such Participant’s Accrued Benefit under the Plan (as determined without regard to any Plan amendment made after October 14, 1987). (c) Adjustments to the Defined Benefit Dollar Limitation. (1) Effective as of January 1, 1976, if the retirement benefit of a Participant begins prior to the Minimum Age, the Defined Benefit Dollar Limitation applicable to the Participant at such earlier age is an annual benefit payable in the form of a straight life annuity beginning at the earlier age that is the Actuarial Equivalent of the Defined Benefit Dollar Limitation applicable to the Participant at the Minimum Age (adjusted as required pursuant to this Section 3.09). The Defined Benefit Dollar Limitation applicable at an age lesser than the Minimum Age is determined as the Attachment number 1 Page 24 of 41 Item # 51 LEGAL_US_E # 70724062.5 21 lesser of: (i) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 1.02 of the Plan and (ii) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using a 5 percent interest rate and the applicable mortality table as defined in Section 1.02 of the Plan. Any decrease in the Defined Benefit Dollar Limitation determined in accordance with this Section 3.09 shall not reflect a mortality decrement if benefits are not forfeited upon the death of the Participant. If any benefits are forfeited upon death, the full mortality decrement is taken into account. (2) Effective as of January 1, 1983, if the benefit of a Participant begins after the Participant attains the Maximum Age, the Defined Benefit Dollar Limitation applicable to the Participant at such later age is the annual benefit payable in the form of a straight life annuity beginning at the later age that is actuarially equivalent to the Defined Benefit Dollar Limitation applicable to the Participant at the Maximum Age (adjusted as required pursuant to this Section 3.09). The actuarial equivalent of the Defined Benefit Dollar Limitation applicable at an age after the Maximum Age is determined as (i) the lesser of the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 1.02 of the Plan and (ii) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using a 5 percent interest rate assumption and the applicable mortality table as defined in Section 1.02 of the Plan. For these purposes, mortality between the Maximum Age and the age at which benefits commence shall be ignored. (3) Notwithstanding anything in this Section 3.09 to the contrary, benefit increases resulting from the increase in the Defined Benefit Dollar Limitation pursuant to Section 3.09(a)(1)C shall be limited to all Participants who have one hour of Credited Service on or after the first day of the first limitation year ending after December 31, 2001. (4) Notwithstanding anything in this Section 3.09 to the contrary, in the case of a Participant who has fewer than 10 years of Credited Service, the Defined Benefit Dollar Limitation shall be multiplied by a fraction, (i) the numerator of which is the number of years of Credited Service and (ii) the denominator of which is 10. (5) Notwithstanding anything in this Section 3.09 to the contrary, effective as of January 1, 1987, the annual benefit of any Participant who is a police officer or firefighter and who has at least 15 years of Credited Service may be determined without regard to Section 3.09(c)(1). (d) For distributions commencing prior to January 1, 2002 and for Participants who do not have one hour of Credited Service after this date, the City shall, to the extent required by the Economic Growth and Tax Relief Reconciliation Act of Attachment number 1 Page 25 of 41 Item # 51 LEGAL_US_E # 70724062.5 22 2001 and in accordance with the Code, apply the limitations contained in Code Section 415, as in effect at the time the distribution commenced; subject to the disregard of Code Section 415(e) for distributions occurring after January 1, 2000. (e) Effective as of January 1, 1976 through December 31, 1999, the limitation established by Section 415(e) of the Code (as in effect from time to time) shall apply to the calculation of any Participant’s annual benefit. 3.10 Enhanced Early Retirement for 1996. Participants who have attained, or who will have attained, the age of 50 on or before December 31, 1996, and who have completed 5 years of Credited Service as of July 1, 1996, and who are employed by Augusta-Richmond County on October 1, 1975, may elect to receive retirements benefits under this Section. Such election must be made on a form designated by Augusta-Richmond County between October 1, 1996 and 4:00 p.m. on December 23, 1996. Any Participant electing to retire early pursuant to this Section shall have until 4:00 p.m. on the seventh (7th) day following such election to revoke same. A. Enhanced Early Retirement Date. The Enhanced Early Retirement Date of a Participant shall be the first day of the month next following the date he retires from the employ of the County under the provisions of this Section. B. Amount of Retirement Benefit. The monthly retirement benefit payable to a Participant who retires on his Enhanced Early Retirement Date shall be an amount equal to 2% of the highest salary or wage or remuneration received as a Participant within the period of seventy-two (72) months immediately preceding his retirement for each year of Credited Service plus an additional ten (10) years of service to be added to the years of Credited Service for purposes of computing the amount of the retirement benefit, up to a maximum of one hundred percent (100%) of Average Earnings for the Participant’s high three (3) years of Earnings, any contrary provision of this Act notwithstanding. The amount of the monthly enhanced retirement benefit shall not be reduced for any month or time period by which the Early Retirement Date of a Participant precedes his Normal Retirement Date, notwithstanding any other provision of the Plan. C. Prerequisite for Electing Early Retirement. Any Participant electing Enhanced Early Retirement shall be required to execute a covenant not to sue in favor of Richmond County, Georgia and Augusta-Richmond County, Georgia and their officials, agents, and employees for any and all claims arising out of such employee’s employment by Richmond County, Georgia and/or Augusta- Richmond County, Georgia, and agreeing not to seek or accept any further employment by Augusta-Richmond County, or its constitutional and elected officials. This provision shall not be construed as prohibiting any such person from seeking any elective position by the State of Georgia or Augusta-Richmond County. 3.11 Special Unreduced Early Retirement. If a Participant with at least twenty (20) years of Credited Service is permanently separated from the service involuntarily by action of the Commission or by action of the elective official under whom he is employed, the Attachment number 1 Page 26 of 41 Item # 51 LEGAL_US_E # 70724062.5 23 Participant may elect to collect Plan benefits under this Section in lieu of any other Section of this Plan; provided, however, no Participant shall draw any benefits under this Section, and such benefits shall be forfeited, if his involuntary separation from the services of the County is found by the Commission to have been caused by the Participant's willful misconduct, or self-inflicted injury, or growing out of his attempt to injure another, or due to intoxication or willful misconduct, or due to the commission of crime under the laws of this State, or any other State of the United States. (a) Special Retirement Date. The Special Retirement Date of a Participant shall be the first day of the month which coincides with or next follows the date the Participant elects to retire under the provision of this Section. (b) Amount of Special Unreduced Retirement Benefit. A Participant at retirement under this Section shall receive a monthly retirement benefit, commencing on his Special Retirement Date, provided he is then alive, equal to the amount computed in the same manner as for normal retirement in accordance with Section 3.01-b, but based on Credited Service and Earnings as of the Special Retirement Date. (c) Payment of Special Retirement Benefit. The monthly retirement benefit payable in the event of special retirement shall be payable on the first day of each month. The first payment shall be made on the Special Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to the provision of Section 4.02. 3.12 Rollover Distributions. Except where otherwise provided, Section 3.12 shall apply to benefits payable, but only to the extent required by the plan qualification rules of Section 401(a) of the Code. (a) Effective January 1, 1993, notwithstanding any contrary provision of the Plan, a Distributee may elect, at the time and in the manner prescribed by the City, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover. (b) The special capitalized terms used only in this Section 3.12 shall have the meanings specified below: (1) "Direct Rollover" means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. (2) "Distributee" means a Participant. In addition, a Participant's surviving spouse and a Participant’s spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are Distributees with regard to the interest of the spouse or former spouse. (3) "Eligible Retirement Plan" means an individual retirement account described in Section 408(a) of the Code, an annuity plan described in Section 403(a) of the Code, an annuity contract described in Section 403(b) of the Code, or a qualified trust described in Section 401(a) of the Attachment number 1 Page 27 of 41 Item # 51 LEGAL_US_E # 70724062.5 24 Code that accepts the Distributee’s Eligible Rollover Distribution. Effective for Plan Years ending before January 1, 2002, in the case of an Eligible Rollover Distribution to the Employee’s or former Employee’s surviving spouse, an Eligible Retirement Plan shall mean only an individual retirement account or individual retirement annuity. Effective as of January 1, 2002, the definition of “Eligible Retirement Plan” shall also apply to an annuity contract described in Section 403(b) of the Code, an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, and in the case of a distribution to an Employee’s surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code. (4) "Eligible Rollover Distribution" means any distribution of all or any portion of the Accrued Benefit to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: (1) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee's designated Beneficiary, or for a specified period of ten years or more; (2) any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and (3) the portion of any distribution that is not includible in gross income. Effective as of January 1, 2002, notwithstanding the foregoing, any amount that is distributed on account of hardship, to the extent allowed under the Plan, shall not constitute an Eligible Rollover Distribution. 3.13 Supplemental Retirement Benefits. (a) Participants who were Employees in active service and employment as of January 1, 1998, and Participants who retired prior to January 1, 1998 (other than those Participants who retired under the Enhanced Early Retirement provided for in Section 3.10 hereof) shall receive, in addition to their normal retirement benefit, a payment of one hundred dollars ($100.00) per month until their death or termination of participation in the Plan; provided, however, should any court of competent jurisdiction determine that such supplemental retirement benefits are illegal or invalid for any reason, this Section shall be repealed immediately upon such order becoming final. (b) Effective January 1, 2004, participants who retired prior to January 1, 1996 (and their Payees) shall receive, in addition to their normal retirement benefit, a payment of one hundred and fifty dollars ($150.00) per month until their termination of participation in the Plan. 3.14 Past Increases. All increased retirement payments previously granted and adopted by the Commission pursuant to the provisions of Ga. L. 1971, pp. 3881 are hereby approved and Attachment number 1 Page 28 of 41 Item # 51 LEGAL_US_E # 70724062.5 25 authorized, and all subsequent increased retirement payments shall be pursuant to provisions of Section 3.06. 3.15 Benefits Payable to Surviving Spouses. Effective March 10, 1966, any Participant may elect in lieu of his or her normal retirement benefit pursuant to Section 3.01 hereof to receive a reduced amount of pension according to the age and sex of the participant and his or her spouse, commencing upon his or her actual retirement, with the provision that upon his or her subsequent death, if his or her spouse is still alive, that 50% of the pension which he or she was receiving immediately prior to his or her death, would be continued to such spouse for the balance of the spouse’s lifetime or until subsequent remarriage. Such election must be made by the Participant at least one year prior to his or her actual retirement and at any time prior to his or her actual retirement upon furnishing evidence of good health to the board of commissioners of roads and revenues. An election once made may be revoked by the Participant at any time prior to actual retirement and will be automatically revoked if the beneficiary so designated by the Participant dies before the Participant’s actual retirement. SECTION 4 DEATH BENEFITS 4.01 Death Prior to Retirement. (a) Non-Duty Connected Death. If a Participant is separated from the service of his employment, as defined in the Plan, by death, there shall be returned to his or her surviving spouse if one, and if not, then to his or her next of kin upon application therefor, 100% of his or her Contributions with Interest, less any payments made to him or her by reason or any other provision of this Plan, and less any sum that might be due by him or her to Richmond County, which amount so due shall be paid to the County; and when one hundred per centum of his or her Contributions with Interest, less authorized deductions, if any, is returned, then his or her estate, or his or her personal representative shall receive from the Fund, no other sums whatsoever. Notwithstanding the foregoing, if a terminated Participant entitled to the deferred monthly retirement benefit provided in Section 3.02(b) dies prior to the commencement of such benefit, his Beneficiary shall receive a lump sum amount equal to the total of his Contributions with 5% Interest, computed from January 1, 1977, such amount to be payable with 60 days following his date of death. (b) Duty Connected Death. Effective March 10, 1966, the widow of a Participant who is killed in line of duty, as hereinafter defined, may elect, in lieu of receiving a refund of Contributions with Interest under the provisions of the Plan, to receive a pension computed at twenty-five percent (25%) of the Participant’s monthly salary or wages at the time of his death, which shall be payable monthly to the widow, until her death or remarriage, or in the event of her death leaving a child or children of the Participant surviving her, who have not reached their 18th birthday, pension shall be continued to be paid for the benefit of such child or Attachment number 1 Page 29 of 41 Item # 51 LEGAL_US_E # 70724062.5 26 children as long as they remain unmarried and until they reach their 18th birthday; and if there be no widow living at the time of the death of such Participant killed is herein defined, but there be a child or children of Participant living as of date who have not reached their 18th birthday, the guardian of children may make a similar election as that provided for a widow and, in the event such election is made, a pension in amount shall be paid for the benefit of such child or children as long as they remain unmarried and until they reach their 18th birthday. (c) As used in this Section 4.01, "killed in line of duty" shall mean killed while actively performing the prescribed duties of the Participant's job and not resulting from any misconduct or negligence of such Participant; provided, however, that no payments shall be made under the provisions of this section until such date as any monthly benefits provided under the Workmen's Compensation Laws of Georgia shall have ceased. 4.02 Death After Retirement. (a) Effective March 10, 1966, any Participant who dies after retirement but prior to receiving benefits in an amount equal to the amounts which have been paid into such fund from his or her wages while employed shall be entitled to have the difference paid to his or her surviving spouse, if one, and if not to the representatives of his or her estate; provided, however, the surviving spouse is not entitled to receive the pension provided for in Section 3.15. (b) Effective October 1, 1975, notwithstanding Section 3.15, the surviving spouse of any retired Participant who dies shall receive one-half of the benefits of the deceased Participant, under the provisions of this Plan, until such time as the surviving spouse dies or remarries. (c) If a Participant dies subsequent to his retirement and had elected to receive a deferred benefit under Section 3.02(b)(l) or Section 3.05(b) but such benefit had not commenced, his Beneficiary shall receive a lump-sum cash amount equal to one-half of the benefits of the deceased Employee, under the provisions of this Plan; provided that no benefits shall payable hereunder if Plan benefits are paid under Section 4.01. 4.03 Adjusted Benefit. The amount of monthly retirement benefit provided under this Section 4 shall be adjusted by the cost-of-living adjustment as provided in Section 3.06 upon commencement of such benefit. 4.04 Designation of Beneficiaries. (a) Each Participant shall designate a Beneficiary to receive the benefits, if any, which may be payable in the event of his death pursuant to the provision of Section 3 or 4. Such designation shall be made in writing on a form provided by the Commission and shall be signed and filed with the Commission. The Participant may change his designation from time to time by filing the proper form with the Commission, and each change shall revoke all prior designations by the Participant. In each such designation the Participant may name one or more Attachment number 1 Page 30 of 41 Item # 51 LEGAL_US_E # 70724062.5 27 primary Beneficiaries and one or more contingent Beneficiaries. If no Beneficiary designated by the Participant survives him, the Commission may direct the payment of such benefits to (i) the spouse of the deceased, if living; otherwise, to (ii) the descendents of the deceased Participant per stirpes or on their behalf as provided in Section 10.04; or if none, to (iii) the legal representative of the estate of the deceased Participant. (b) In the event of the death of a Beneficiary who survives the Participant and who, at his or her death, is receiving benefits as described in paragraph A of this Section, the remaining benefits, if any, shall be payable to a person designated by the Participant to receive the remaining benefits, or, if no person was so designated, then to a person designated by the Beneficiary of the deceased Participant; provided, however, that if no person so designated be living upon the occurrence of such contingency, the remaining benefits, if any, shall be payable to (a) the spouse of the deceased Participant, if living; otherwise to (b) the descendents of the deceased Beneficiary per stirpes or on their behalf as provided in Section 10.04; or if none, to (c) the legal representative of the estate of the deceased Beneficiary, as the Commission in its sole discretion may determine. (c) In the event the Commission does not direct the payments as specified in paragraph (a) or (b) of this Section, the Commission may elect to have a court of applicable jurisdiction determine to whom payments should be made, and the Commission shall follow such instructions as the court may give. SECTION 5 CONTRIBUTIONS 5.01 County Contributions. Effective October 1, 1975, contributions by the County shall equal five percent (5%) of the aggregate of any Participant’s Earnings, plus such additional amounts as shall be determined by the County, based upon the recommendations of an actuary. County contributions shall be paid to the Fund and shall be used only for the benefit of the Participants and Beneficiaries of the Plan. Effective November 20, 1984, notwithstanding the preceding sentence, on the recommendation of the County's actuary, who shall be a member of the American Academy of Actuaries, or an organization of which one or more members is a member of the American Academy of Actuaries, the Commission may increase or decrease the County’s contributions as recommended by such actuary. 5.02 Participant Contributions. (a) Effective October 1, 1975, aach Participant shall contribute to the Fund an amount equal to five (5%) per cent of his Earnings. Contributions by the Participant shall cease at the earlier of (i) his date of termination of employment for any reason, and (ii) his actual retirement date. Participant contributions shall be made by payroll deduction and in such manner as determined by the Commission. (b) Withdrawals of Participant Contributions: In all cases where previously adopted provisions of the 1945 act as amended call for participants contributions to be Attachment number 1 Page 31 of 41 Item # 51 LEGAL_US_E # 70724062.5 28 refunded that such refunding will be with "interest" as computed in subsection (a) of this Section 5.02. (c) Return of Contributions: Any Participant who voluntarily absolutely separates from the service of the Commission or from the service of the elective officer by whom he is employed or who is discharged as provided by the "Richmond Officers and Employees' Act" in Ga. L. E.S., 1937-1938, pp. 875-880 inclusive, as amended, or who was discharged by the elective officer under whom he is employed before being retired under any provisions of the Plan, shall have returned to the Participant or his estate, within ninety (90) days of the date of application after he is absolutely separated or his discharge becomes final, the entire amount of his Contributions, without Interest, less any disability payments he has received. Once the sum is returned to the Employee, he shall not have any further claim or right to receive any fund, or payments whatsoever of any kind of character from the Fund. SECTION 6 ADMINISTRATION OF PLAN 6.01 Administration. (a) Powers of the Commission. The Commission shall control the administration of the Plan hereunder, with all powers necessary to enable it properly to carry out its duties in that respect. Not in limitation, but in amplification of the foregoing, the Commission shall have the power to construe the Plan and to determine all questions that shall arise thereunder, and shall also have all the powers elsewhere herein conferred upon it. It shall decide all questions relating to the eligibility of Employees to participate in the benefits of the Plan, and shall determine the benefits to which any Participant, Beneficiary, or Joint Annuitant may be entitled under the Plan. The decisions of the Commission upon all matters within the scope of its authority shall be final and binding upon all parties to this instrument, Participants, and Participant’s Beneficiaries and Joint Annuitants. (b) Records of the Commission. All acts and determination of the Commission shall be duly recorded by the County clerk, or under his supervision, and all such records, together with such other documents as may be necessary for the administration of the Plan shall be preserved in the custody of such clerk. (c) Exemption from Liability of the Commission. The members of the Commission, and each of them, shall be free from all liability, joint, and several, for their acts, omissions and conduct, and for the acts, omissions and conduct of their duly constituted agents, in the administration of the Plan, and the County shall indemnify and save each of them harmless from the effects and consequences of their acts, omissions, and conduct in their official capacity, except to the extent that such effects and consequences shall result from their own willful misconduct. (d) Miscellaneous. Attachment number 1 Page 32 of 41 Item # 51 LEGAL_US_E # 70724062.5 29 (1) The Commission shall prepare and distribute to the Participants information concerning the Plan, at the expense of the County, in such manner as it shall deem appropriate. (2) To enable the Commission to perform its functions, the County shall supply full and timely information of all matters relating to the compensation and length of service of all Participants, their retirement, death or other cause of termination of employment, and such other pertinent facts as the Commission may require. (3) The Commission shall be entitled to rely upon all tables, valuations, certificates, and reports furnished by an actuary, who shall be a member of the American Academy of Actuaries, or an organization which one or more members is a member of the American Academy of Actuaries and upon all certificates and reports made by an accountant selected or approved by the Commission. The Commission shall be fully protected in respect to any action taken or suffered by it in good faith in reliance upon the advice or opinion of any actuary, accountant, or attorney, and all action so taken or suffered shall be conclusive upon each member of the Commission and upon all persons interested in the Plan. SECTION 7 TRUST FUND AND TRUSTEES 7.01 Trust Fund. (a) There is created a permanent pension Fund for the benefit of each Participant covered by this Plan, and the Fund shall be known as the "Richmond County Employees' Pension Fund" and shall be kept in a separate account earmarked "Richmond County Employees' Pension Fund", with a separate, permanent record thereof. The assets of the Fund shall be held and administered by the Commission. The Fund shall consist of all payments by the County and Participants to the Fund and earnings from investments. The assets of the Fund shall be valued as of the end of each plan year, and at any other time required by the Commission, and at the then existing book and market value. The Fund is hereby declared not to be the property of the Commission or the County, and this includes any sum paid in or directed to be paid in by the Commission and it shall reserve no property in any sum raised or due by virtue of the Plan. (b) The Commission shall maintain a separate and permanent record of the Fund. All decisions of the Commission in regard to the Fund or any payments or withdrawals therefrom shall be recorded in the minutes of the Commission and also entered on the permanent record kept by the Commission and such permanent record shall be open to inspection by any interested person at all regular business hours. (c) The Commission shall keep the Treasurer and Clerk of the Commission bonded at all times and in an amount equal to the total Fund in possession of or under the control of either; provided, however, that such bond shall not exceed Two- Attachment number 1 Page 33 of 41 Item # 51 LEGAL_US_E # 70724062.5 30 Hundred Thousand Dollars ($200,000.00) as to each party. The bond shall also cover any acting Treasurer or Clerk. 7.02 Amendment of Trust. The County shall have the right at any time, by an instrument in writing duly executed by the Commission and to the Trustee, to modify, alter, or amend the Trust in whole or in part; provided, however, that the duties, powers, and liability of the Trustee hereunder shall not be substantially increased without its written consent, and provided further, that no such amendment shall have the effect of revesting in the County any part of the principal or income of the Fund. 7.03 Discontinuance of Trust and Vesting. The County expressly reserves the right to terminate this Plan and Trust Agreement at any time. Upon termination of the Plan by the County, or complete discontinuance of Contributions thereunder, having the effect of termination, the rights of each Participant to benefits accrued to the date of such termination or discontinuance, to the extent then funded, shall be nonforfeitable. In either case the Commission shall, upon instructions from the County, continue to administer the Fund as provided in Section 7. No part of the Fund shall at any time revert to the County unless all benefits for Participants and their Payees have been provided. 7.04 Powers of the Commission. (a) The Commission shall have the following power and authority in the administration of the Fund to be exercised in accordance with and subject to the provisions of Section 7.05 hereof: (1) control the administration of the Plan hereunder, with all powers necessary to enable it to properly carry out its duties in that respect. Not in limitation, but in amplification of the foregoing, the Commission shall have the power to construe the Plan and to determine all questions that shall arise thereunder, and shall also have all the powers elsewhere herein conferred upon it; (2) decide all questions relating to the eligibility of Employees to participate in the benefits of the Plan; and (3) determine the benefits to which any Participant or Beneficiary may be entitled under the Plan. (b) The decisions of the Commission upon all matters within the scope of this authority shall be final and binding upon all parties to this instrument, participants and their beneficiaries. (c) All acts and determinations of the Commission shall be duly recorded by the County clerk, or under his supervision and all such records, together with such other documents as may be necessary for the administration of the Plan, shall be preserved in the custody of such clerk. Attachment number 1 Page 34 of 41 Item # 51 LEGAL_US_E # 70724062.5 31 (d) The Commission shall prepare and distribute to the Employees information concerning the Plan at the expense of the County, in such manner as it shall deem appropriate. 7.05 Investment of Fund. (a) Effective February 11, 1998, the County comptroller shall be the custodian of such Fund and shall deposit all contributions to the Plan in a bank or banks, and, pursuant to the direction of the pension fund investment committee, which committee shall consist of the members of the Augusta-Richmond County Commission, shall invest and reinvest, from time to time, any portion thereof not immediately needed for the payment of pensions, in securities approved by law for the investment of trust funds; and, in such securities other than those specifically approved by law for the investment of trust funds, as the pension fund investment committee shall deem proper, from time to time; provided, however, that the amount of the pension fund which may be invested in such securities other than those specifically approved by law for the investment of trust funds may not exceed fifty percent (50%) of the total amount of the fund then outstanding; and in addition thereto, the investment committee may invest such funds in bonds and debentures assumed or guaranteed by such existing corporation or institution existing under the laws of the United States of America, or any state thereof, provided such bonds or debentures are rated at the time of their purchase, by a nationally recognized securities rating service, as AAA (Aaa), AA (Aa) or A (a) in lieu thereof, provided that (if applicable), such bonds or debentures are the type in which domestic life insurance companies are permitted to invest under any applicable provisions of the Official Code of Georgia Annotated, as amended. The amount of the pension fund which may be invested in the bonds and debentures of any one corporation may not exceed ten percent (10%) of the total amount of such fund then outstanding. (b) Effective October 1, 1975, the Board is authorized to deposit funds held by it with any back located in Richmond County, Georgia, as depository. The Board shall be the authority to invest and re-invest money which is held for the purpose of paying pensions, but which is not needed for the immediate payment thereof, as determined by the Board, including securities of agencies of said government of the State of Georgia; of Richmond County; or any other county or municipality in the State of Georgia; or insured savings in savings and loan associations and state and national banks; corporate bonds and debentures rated “AA” or better according to Moody’s or Standard & Poor’s rating at the time of the investment; corporate stocks which are non-assessable; dividend-paying stocks, common or preferred, in corporations having an “A” rating or better according to Standard & Poor’s index current at the time of the investment, provided cash dividends of such common stocks have been paid out of current earnings in at least two of the last three years preceding the purchase, provided, however, that the Fund shall not own more than fifteen percent (15%) of the issued and outstanding shares of any one corporation. Attachment number 1 Page 35 of 41 Item # 51 LEGAL_US_E # 70724062.5 32 (c) Withdrawal from the fund for investment purposes shall be accomplished by vouchers drawn by the Treasurer, counter-signed by the mayor of the County or the mayor’s designee. 7.06 Taxation. The Commission, in its settlor capacity, is hereby authorized to levy a tax from time to time to raise a sufficient sum to meet the requirements of the Plan for paying into the Fund an amount equal to the amount contributed by Participants to the Fund; and in the event such amount contributed by the Participants should be five percent (5%) or more of Earnings and the five percent (5%) or more contributed by the Commission, and shall be insufficient to pay the pensions provided for in the Plan, then and in that event the Commission shall levy a sufficient tax to meet all payments as required by the Plan, and from time to time to continue to do so. 7.07 Resignation of Trustee. The Trustee may resign as Trustee of the Trust at any time by giving sixty (60) days written notice to the County, or with the consent of the County, may resign at any time. At such time as the resignation becomes effective, the Trustee shall render to the County an account of its administration of the Fund during the period following that covered by its last annual account, and shall perform all acts necessary to transfer and deliver the assets of the Fund to its successor. 7.08 Successor Trustees. In the event of vacancy of one or more individuals in the Trusteeship of this Trust occurring at any time, the Commission shall designate and appoint qualified successor Trustee(s) until such individuals are elected by the electorate. 7.09 Disbursements. Upon written direction (which may be a continuing one) from the Commission as to the name of any person to whom money is to be paid from the Fund and the amount thereof, checks shall be drawn by the Trustee in the name of the person designated by the Commission and deliver such checks in such manner and amounts and at such time as the Commission shall direct. In the event the Trustee shall deem it necessary to withhold any distribution pending compliance with legal requirements with respect to probate of wills, appointment of personal representatives, payment of or provision for estate or inheritance taxes, or for death duties or otherwise, the Trustee shall withhold payment pending receipt of the instructions from the County Attorney to make such distribution. SECTION 8 AMENDMENT AND TERMINATION This Section 8 shall apply only to the extent that it does not otherwise conflict with applicable Georgia law, including, but not limited to, Article I, Section 1, Paragraph X of the Georgia Constitution. 8.01 Amendment of the Plan. The County shall have the right at any time pursuant to authorization of the Commission, to amend any or all of the provisions of the Plan; provided, however, that no such amendment shall authorize or permit any part of the Fund to be diverted to purposes other than for the exclusive benefit of Participants and their Payees; and further provided, that no amendment shall have the effect of revesting Attachment number 1 Page 36 of 41 Item # 51 LEGAL_US_E # 70724062.5 33 in the County any portion of such Fund except such amounts which remain in the Fund after termination of the Plan and after all liabilities under the Plan have been satisfied. 8.02 Termination of the Plan. (a) The County expects this Plan to be continued indefinitely but, of necessity, reserves the right to terminate the Plan and its contributions thereunder at any time by action of the Commission; provided, however, that should the County terminate the Plan or completely discontinue contributions hereunder so as the amount to a Plan termination, the accrued benefit of each Participant, to the extent then funded, shall become fully vested and nonforfeitable as the date of termination. (b) In the event of termination of the Plan and upon receipt of written notice of such termination, the Commission shall arrange for the Fund to be apportioned and distributed in accordance with the following procedure: (1) The Commission shall determine the date of distribution and asset value of the Fund to be distributed, taking into account the expenses of distribution. (2) The Commission shall determine the method of distribution of the asset value -- that is, whether distribution to each Participant or Payee entitled to benefits shall be by payment in a lump-sum cash amount, the purchase of an annuity from an insurance company, or otherwise. (3) The Commission shall apportion the asset value in the priority and manner set forth below, on the basis that the amount required to provide any given retirement benefit shall mean the actuarially computed single-sum value of such benefit, except that if the method of distribution determined under paragraph B of this Section involves the purchase of an insured annuity, the amount required to provide the given retirement benefit shall mean the single premium payable for such annuity: A. An amount equal to each Participant’s Contributions under the Plan with Interest, less the aggregate amount of any benefit payments previously made with respect to such Participant, will be determined and such amount apportioned from the asset value. Such asset value, if insufficient to provide such amounts in full will be apportioned among such Participants in proportion to the amounts determined with respect to them. B. If there be any asset value remaining after the apportionment under A. above, apportionment shall next be made with respect to each retired Participant receiving a retirement benefit hereunder an such date, each person receiving a retirement benefit on such date on account of a retired (but since deceased) Participant, each Participant who has, by such date, reached his Normal Retirement Date but has not yet retired, in the amount required to provide such retirement benefit as of the date of termination of the Plan, less any apportionment made in (1) above, provided that, if such remaining asset value be less than the aggregate of such amounts, such amounts shall be proportionately reduced so that the aggregate of such reduced amounts will be equal to such asset value. Attachment number 1 Page 37 of 41 Item # 51 LEGAL_US_E # 70724062.5 34 C. If there be any asset value remaining after the apportionments under A. and B. above, apportionment shall next be made with respect to each active Participant on such date who has reached his Early Retirement Date but has not yet retired, in the amount required to provide such retirement benefit as of the termination date of the Plan, less any apportionment in A. above, provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately reduced so that the aggregate of such reduced values will be equal to such remaining asset value. D. If there be any asset value remaining after the apportionments under A., B., and C. above, apportionment shall next be made with respect to each active Participant on such date who has completed at lease 10 years of Credited Service and each former Participant then entitled to a deferred benefit under Section 3.05(b) hereof who has not, by such date, reached his Normal Retirement Date, none of whom is entitled to an apportionment under B. above, in the amount required to provide the actuarially determined value of the accrued benefit as of the termination date of the Plan, less any apportionment in A. above; provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately reduced so that the aggregate of such reduced values will be equal to such remaining asset value. E. If there be any asset value remaining after apportionments under A., B., C., or D. above, apportionment shall lastly be made with respect to each active Participant on such date who is not entitled to an apportionment under B., C., or D. above, in the amount required to provide the actuarially determined value of the accrued benefit as of the date of termination of the Plan, less any apportionment in A. above; provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately. reduced so that the aggregate of such reduced values will be equal to such remaining asset value. F. In the event that any asset value remains after the full apportionments specified in paragraphs A., B., C., D., and E. above, such excess shall revert to the County. (4) The Commission shall cause to be distributed, in accordance with the manner of distribution determined under subparagraph (b)(2) of this Section, the amounts apportioned under subparagraph (b)(3) of this Section. SECTION 9 MISCELLANEOUS 9.01 Headings. The headings and subheadings in this Plan have been inserted for convenience of reference only and are to be ignored in any construction of the provisions hereof. 9.02 Construction. (a) In the construction of this Plan the masculine shall include the feminine and the singular the plural in all cases where such meanings would be appropriate. Attachment number 1 Page 38 of 41 Item # 51 LEGAL_US_E # 70724062.5 35 (b) Each Section of this Plan and every part of each Section are declared to be independent Sections and the holding of any Section or part of any section to be void shall not affect the other Sections or parts of such Sections, and it is declared that the other Sections not so held to be void, or parts of Sections not held to be void would have been enacted regardless of any Section or part of any Section being held void. (c) The Plan constitutes a contract, from the effective date of this Act, between the Commission and the County and each Employee who is or who may hereafter become entitled to benefits under the Plan, which includes Participants now existing or that hereafter exist. (d) This Plan shall be construed in accordance with the laws of the State of Georgia. 9.03 Nonalienation. No benefits payable under the Plan will be subject to the claim or legal process of any creditor of any Participant or beneficiary, and no Participant or beneficiary will alienate, transfer, anticipate, or assign any benefits under the Plan, except that distributions will be made pursuant to (a) qualified domestic relations orders issued in accordance with Code Section 414 (p), (b) judgments resulting from federal tax assessments, and (c) as otherwise required by law. 9.04 Legally Incompetent. If any Participant or Payee is a minor, or, in the judgment of the Commission is otherwise legally incapable of personally receiving and giving a valid receipt for any payment due him hereunder, the Commission may, unless and until claim shall have been made by a duly appointed guardian or committee of such person, direct that such payment or any part thereof be made to such person’s spouse, child, parent, brother, or sister or other person deemed by the Commission to have incurred expense for or assumed responsibility for the expenses of such person. Any payment so made shall be a complete discharge of any liability under this Plan for such payment. 9.05 Benefits Supported Only By Fund. Any person having any claim under the Plan will look solely to the assets of the Fund for satisfaction. In no event will the County, or any of its officers, members of the Commission, or agents, be liable in their individual capacities to any person whomsoever, under the provisions of the Plan. 9.06 Discrimination The County, through the Commission, shall administer the plan in a uniform and consistent manner with respect to all Employees and shall not permit discrimination in favor of officers, supervisory or highly-paid employees. 9.07 Limitation of Liability; Legal Actions. It is expressly understood and agreed by each Employee who becomes a Participant hereunder, that except for its or their willful negligence or fraud, neither the County, the Trustee, nor the Commission shall be in any way subject to any suit or litigation, or to any legal liability, for any cause or reason whatsoever, in connection with this Plan or its operation, and each such Participant hereby releases the County, Trustee, Commission, and all its officers and agents from any and all liability or obligation. Attachment number 1 Page 39 of 41 Item # 51 LEGAL_US_E # 70724062.5 36 9.08 Claims. Any payment to a Participant, Joint Annuitant, or Beneficiary, or to their legal representatives, in accordance with the provision of this Plan, shall to the extent thereof be in full satisfaction of all claims hereunder against the Commission, Trustee, and the County, any of whom may require such Participant, Beneficiary, or legal representative, as a condition precedent to such payment, to execute a receipt and release therefore in such form as shall be determined by the Commission. 9.09 Forfeitures. Forfeitures arising from any cause whatsoever under this Plan shall not be applied to increase the benefits any Participant would otherwise receive under the Plan at any time prior to the termination of the Plan or the complete discontinuance of County contributions hereunder; forfeitures shall be applied to reduce the County’s contributions under the Plan in the then current or subsequent years. 9.10 Maximum of One Benefit at a Time. There shall not be paid to any person more than one benefit at a time under the Plan. 9.11 Applications. All applications for pensions shall be made to the Clerk of the Commission on forms prescribed by the Commission and printed for use in such cases, and it shall be the duty of the Commission to provide such forms at all times and the Clerk of the Commission shall immediately transmit such application to the County Attorney for his approval as to form and procedure, and upon his approval, same shall be presented to the Commission. 9.12 Report of Treasurer. At the close of each year the Treasurer shall make a written report to the Commission of funds on hand and liabilities of the Fund, both accrued and contingent. 9.13 Consequence of Plan Violation. Should any person subject to the Plan or administering the Plan violate the provisions of the Plan, in addition to any other applicable penalties, such person shall be guilty of a misdemeanor for such violation, and shall be punished accordingly under the laws of the state of Georgia. Attachment number 1 Page 40 of 41 Item # 51 LEGAL_US_E # 70724062.5 37 IN WITNESS WHEREOF, the County has caused this amended Plan to be duly executed as of the ____ day of ___________ 2006, but effective as of the dates set forth herein. AUGUSTA GEORGIA, AS SUCCESSOR TO THE CITY COUNCIL OF AUGUSTA ATTEST: ____________________________ By: (Seal) Mayor Clerk AUGUSTA GEORGIA, AS SUCCESSOR TO THE CITY COUNCIL OF AUGUSTA Mayor This Ordinance shall be effective as of the dates set forth herein. All ordinances and parts of Ordinances in conflict with the provisions of this Ordinance are hereby repealed. APPROVED AND ENACTED by the Augusta-Richmond County Commission, on the ______ day of ______________ 2006. Mayor ATTEST: Clerk Attachment number 1 Page 41 of 41 Item # 51 CommissionMeetingAgenda 6/19/20072:00PM 1949PensionPlanamendedandrestated Department:CountyAttorney caption2:AnordinancetoamendandrestateOrdinanceNo.665 6, adoptedFebruary20,2002,the"1949CityofAugust a1949 GeorgiaRetirementFund",hereinafterreferredtoa sthe "Plan",soasthetocomplywiththeInternalReven ueService LawsandRegulations;torepealconflictingordinan cesor partsofordinancesinconflictwiththisordinance . Background: TheAugusta-RichmondCountyCommissionapprovedthe restatementofthe1949PensionPlan,asamendedby various amendatoryactsrelatingthereto,thelastofwhich wasset forthinOrdinanceNo.6656,adoptedFebruary20,2 002so astoconformthePlanwithrelevantprovisionsof Federal LawstoincludeTheTaxEquityandFiscalResponsib ility Actof1982,theDeficitReductionActof1984,the RetirementEquityActof1984,theTaxReformActo f1986, theOmnibusBudgetReconciliationActof1986,The OmnibusReconciliationActof1987,theTechnicala nd MiscellaneousRevenueActof1988,theOmnibusBudg et ReconciliationActof1989andotherapplicablelaw s.Ithas beenreviewedbytheEmployees'BenefitsCounselan d submittedtotheInternalRevenueService.TheCity has receivedafavorabledeterminationletteronitssu bmission providedthepensionplanisre-adoptedincludinga pproved amendmentstoreflectchangesinthetaxlaws.Thec hanges weremadebytheCounsel.Theauthoritytoamendth e originalordinancehavingbeengrantedbyO.C.G.A.Section 36-35-3,providingforhomerulebymunicipalities andthe ConstitutionoftheStateofGeorgiaprovidingfor homerule bycounties.Thepublicwasfurthernotifiedthat acopyof theproposedOrdinancewasfiledwiththeClerkof the SuperiorCourtofRichmondCounty,Georgia,forpub lic examinationandinspection,andcopiesofsamewere availablewiththeClerkofCommissionforanymemb erof thepublic.ParticipationinthePlanwasfrozenef fectiveasof Cover Memo Item # 52 December31,1986,meaningthatthePlanonlycover s employeeshiredonorbeforeDecember31,1986and no employeeshiredafterthatdateareeligibletopar ticipatein theplan. Analysis:ItisnecessaryfortheAugusta-RichmondCommission to restatesaidordinanceandPensionPlaninpreparat ionforre- openingtoallowfornewparticipantstojoin.Iti sthe County'sintentiontofullyhonorallbenefitsand rightsthat PlanparticipantshaveaccruedunderthePlanprior toits restatement.ThePlanshallbeadministeredandcon strued accordingly,andthePlan'sAdministratorshallcon strueand interpreteveryprovisionofthePlan'srestatement ina mannerthatpreserveseachPlanParticipant'sbenef itsorright accrued. FinancialImpact:N/A Alternatives:None Recommendation:AmendandrestateOrdinanceNo.6656,the1949City CouncilofAugusta1949AugustaRetirementSystema nd anyamendmentsthereaftertocomplywiththeIntern al RevenueService Fundsare Availableinthe Following Accounts: N/A REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 52 LEGAL_US_E # 70626292.5 DRAFT (11/21/2006) ORDINANCE NO. ________ AN ORDINANCE TO AMEND AND RESTATE ORDINANCE NUMBER 6656, THE CITY OF AUGUSTA 1949 GENERAL RETIREMENT FUND; ADOPTED ______________________; TO PROVIDE FOR SEVERABILITY; TO REPEAL CONFLICTING ORDINANCES AND FOR OTHER PURPOSES. CITY OF AUGUSTA 1949 GENERAL RETIREMENT FUND As Amended and Restated Effective January 1, 1984 (Except as Otherwise Provided Herein) Attachment number 1 Page 1 of 39 Item # 52 TABLE OF CONTENTS Page LEGAL_US_E # 70626292.5 -i- INTRODUCTION..........................................................................................................................1 SECTION 1 DEFINITIONS.................................................................................................3 1.01 Accrued Benefit. ...................................................................................................3 1.02 Actuarial Equivalent. .............................................................................................3 1.03 Average Earnings...................................................................................................3 1.04 Beneficiary.............................................................................................................3 1.05 City.........................................................................................................................3 1.06 Code .......................................................................................................................3 1.07 Commission............................................................................................................4 1.08 Committee..............................................................................................................4 1.09 Comptroller............................................................................................................4 1.10 Contributions..........................................................................................................4 1.11 Credited Service.....................................................................................................4 1.12 Deputy Comptroller................................................................................................4 1.13 Earnings..................................................................................................................4 1.14 Effective Date.........................................................................................................5 1.15 Employee................................................................................................................5 1.16 Employer or County...............................................................................................6 1.17 Fund........................................................................................................................6 1.18 Joint Annuitant.......................................................................................................6 1.19 Mayor.....................................................................................................................6 1.20 Participant...............................................................................................................6 1.21 Payee......................................................................................................................6 1.22 Pension Fund Investment Committee ....................................................................6 1.23 Plan.........................................................................................................................6 1.24 Plan Year................................................................................................................6 1.25 Secretary.................................................................................................................6 1.26 Total and Permanent Disability..............................................................................6 1.27 Trust Agreement or Trust.......................................................................................7 1.28 Trustee....................................................................................................................7 SECTION 2 ELIGIBILITY AND PARTICIPATION .........................................................7 Attachment number 1 Page 2 of 39 Item # 52 TABLE OF CONTENTS (continued) Page LEGAL_US_E # 70626292.5 -ii- 2.01 Eligibility................................................................................................................7 SECTION 3 RETIREMENT DATES AND BENEFITS.....................................................7 3.01 Normal Retirement. ...............................................................................................7 3.02 Early Retirement. ..................................................................................................8 3.03 Disability Retirement.............................................................................................9 3.04 Delayed Retirement..............................................................................................10 3.05 Termination of Employment................................................................................11 3.06 Cost-of-Living Adjustment of Benefits................................................................11 3.07 Required Distribution Rules Effective January 1, 1987 Through December 31, 2002................................................................................................................12 3.08 Required Distribution Rules Effective January 1, 2003.......................................14 3.09 Code Section 415 Limit........................................................................................18 3.10 Enhanced Early Retirement for 1996. .................................................................20 3.11 Special Unreduced Early Retirement. .................................................................21 3.12 Rollover Distributions. ........................................................................................22 3.13 Supplemental Retirement Benefit ........................................................................23 SECTION 4 DEATH BENEFITS.......................................................................................23 4.01 Death Prior to Retirement. ...................................................................................23 4.02 Death After Retirement. .....................................................................................24 4.03 Adjusted Benefit. ................................................................................................25 4.04 Designation of Beneficiaries. .............................................................................25 SECTION 5 CONTRIBUTIONS........................................................................................25 5.01 City Contributions. .............................................................................................25 5.02 Participant Contributions. ...................................................................................25 SECTION 6 OPTIONAL FORMS OF RETIREMENT INCOME....................................26 6.01 Description of Options. ......................................................................................26 6.02 Joint Annuitant or Beneficiary. ..........................................................................26 6.03 Cancellation of Election. ....................................................................................27 SECTION 7 ADMINISTRATION OF PLAN....................................................................27 7.01 Administration. ...................................................................................................27 SECTION 8 TRUST FUND AND TRUSTEES.................................................................28 Attachment number 1 Page 3 of 39 Item # 52 TABLE OF CONTENTS (continued) Page LEGAL_US_E # 70626292.5 -iii- 8.01 Trust Fund. .........................................................................................................28 8.02 Amendment of Trust. .........................................................................................28 8.03 Discontinuance of Trust and Vesting. ................................................................29 8.04 Powers of the Commission...................................................................................29 8.05 Investment of Fund. ............................................................................................29 8.06 Taxation. .............................................................................................................30 8.07 Resignation of Trustee. ......................................................................................30 8.08 Successor Trustees. ............................................................................................30 8.09 Disbursements. ...................................................................................................31 SECTION 9 AMENDMENT AND TERMINATION .......................................................31 9.01 Amendment of the Plan. .....................................................................................31 9.02 Termination of the Plan. .....................................................................................31 SECTION 10 MISCELLANEOUS.......................................................................................33 10.01 Headings. ............................................................................................................33 10.02 Construction. .......................................................................................................33 10.03 Nonalienation. ....................................................................................................33 10.04 Benefits Supported Only By Fund. ....................................................................33 10.05 Discrimination. ...................................................................................................33 10.06 Limitation of Liability; Legal Actions. ..............................................................33 10.07 Claims. ................................................................................................................34 10.08 Forfeitures. .........................................................................................................34 10.09 Applications. ......................................................................................................34 10.10 Effect of Extension of the Federal Social Security Act. ....................................34 Attachment number 1 Page 4 of 39 Item # 52 LEGAL_US_E # 70626292.5 1 CITY OF AUGUSTA 1949 GENERAL RETIREMENT FUND INTRODUCTION Effective March 1, 1949, the General Assembly of Augusta, Georgia established the “City of Augusta 1949 Georgia Retirement Fund,” hereinafter referred to as the Plan. Participation in the Plan was frozen effective as of December 31, 1986, meaning that the Plan only covers Employees hired on or before December 31, 1986 and no Employees hired after that date are eligible to participate in the Plan. On ___________ ___, 2006, the Augusta-Richmond County Commission, as successor to the City Council of Augusta, approved this restatement of the Plan effective January 1, 1984 (except as otherwise provided herein) so as to conform the Plan with relevant provisions of the following federal laws: the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”), the Deficit Reduction Act of 1984 (“DEFRA”), the Retirement Equity Act of 1984 (“REA”), the Tax Reform Act of 1986, the Omnibus Budget Reconciliation Act of 1986, the Omnibus Budget Reconciliation Act of 1987, the Technical and Miscellaneous Revenue Act of 1988, the Omnibus Budget Reconciliation Act of 1989, the Omnibus Budget Reconciliation Act of 1990 (collectively referred to as “TRA’86”), the Unemployment Compensation Amendments of 1992 (“UCA’92”), the Omnibus Budget Reconciliation Act of 1993 (“OBRA’93”), the Uruguay Round Agreements Act (“GATT”), the Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”), the Small Business Job Protection Act of 1996 (“SBJPA”), the Taxpayer Protection Act of 1997 (“TRA’97”), the Internal Revenue Service Restructuring and Reform Act of 1998 (“RRA ‘98”), and the Community Renewal Tax Relief Act of 2000 (“CRA” and together with GATT, USERRA, SBJPA, TRA ‘97, and RRA ‘98 are referred to as “GUST”) and certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), with such EGTRRA amendments being made as good faith compliance with the requirements of EGTRRA, to be construed in accordance with EGTRRA and guidance issued thereunder. It is the City’s intention to fully honor all benefits and rights that Plan Participants have accrued under the Plan prior to this restatement. The Plan shall be administered and construed accordingly, and the Plan’s administrator shall construe and interpret every provision of the Plan’s restatement in a manner that preserves each Plan Participant’s benefits or rights that accrued prior to ___________ ___, 2006. Nevertheless, any Participant whom the Commission does not classify as an Employee on or after January 1, 2006 shall have his benefits and rights determined under the provisions of the Plan that were in effect when the Commission last classified him or her as an Employee. Attachment number 1 Page 5 of 39 Item # 52 LEGAL_US_E # 70626292.5 2 Specifically, the restated Plan honors the following pre-2006 Plan provisions in the following manner: Plan Provision Prior Section, Per Relevant Ordinances Plan Section (as Adopted in 2006) Continued Participation for those employed on 12/31/87 1, 2 2.01 Age 35 limit on participation 2 Superseded and inapplicable Funding: Creation and Administration 3 8 City Contribution 4 5.01 Employee Contributions 4 5.02 Normal Retirement Benefits 5(1) 3.01 Delayed Retirement Benefits 5(2) 3.04 Early Retirement Benefits 5(6) 3.02 Special Unreduced Early Retirement (20+ years) 5(7) 3.10 Enhanced Early Retirement Benefits 5A 3.09 Disability Retirement Benefits 5(5), 7 3.03 Continuity of Service 6 1.11 Amount of Retirement Allowance 7 3.01 Cost of Living Adjustments 76(1) 3.06 Alternative Form of Retirement Allowance 8 6 Surviving Spouse Benefits; Benefits for widows of Employees Killed in Line of Duty 8A, 9 4.01, and 4.02 Withdrawal of Contributions 9 5.02(b) Termination of Employment 9(1) 3.05 Assignment Prohibited 10 10.03 Effect of Extension of Federal Social Security Act 11 10.10 Plan Construction 12 10.02 The Plan will be administered by the Commission as described in Section 7. All benefits to be provided under the Plan will be funded under a trust established in accordance with Section 8. Attachment number 1 Page 6 of 39 Item # 52 LEGAL_US_E # 70626292.5 3 SECTION 1 DEFINITIONS As used herein, unless otherwise defined or required by the context, the following words and phrases shall have the meanings indicated: 1.01 Accrued Benefit. The retirement benefit which the Participant has earned as of the date of determination, calculated under Subsection 3.01(b) on the basis of his Average Earnings and Credited Service, which is payable as of his Normal Retirement Date in the form of a life annuity, with a guarantee of the refund of Employee Contributions with interest for the Participant who dies before receiving an amount of benefit payments that at least equal his Employee Contributions with interest. 1.02 Actuarial Equivalent. (a) A benefit of equal value computed on the basis of (i) the 1971 Group Annuity Mortality Table, and (ii) interest at 6% compounded annually for forms of payment other than lump sum; the interest rate used to determine the equivalent lump sum value of monthly benefits will be in the PBGC schedule of immediate and graded deferred rates in effect on the first day of the Plan Year in which the benefit is calculated. (b) Effective January 1, 1995, the table referenced in clause (i) of subsection (a) shall be a mortality table based on a fixed blend of 50% of the male mortality rates and 50% the female mortality rates from the 83 GAM table, 83 GAM Unisex, as provided under Revenue Ruling 95-6. (c) Effective with respect to annuity starting dates on or after December 31, 2002, the table referenced in clause (i) of subsection (a) shall be a mortality table based upon a fixed blend of 50% of the unloaded male mortality rates and 50% of the unloaded female mortality rates underlying the mortality rates in the 1994 Group Annuity Reserving Table, projected to 2002, 94 GAR, as provided under Revenue Ruling 2001-62. 1.03 Average Earnings. The monthly average of the Participant’s Earnings for the thirty-six (36) consecutive calendar months, immediately preceding the earlier to occur of: (a) the date on which the Participant’s employment with the employer terminates for any reason or (b) the Participant’s actual retirement date. Average Earnings shall be determined by dividing the total earnings received by the Participant during the appropriate three (3) year period, or lesser number of years if applicable, by the number of months for which he received earnings in such period. 1.04 Beneficiary. The person(s) designated by the Participant in accordance with Section 4.04 who is entitled to receive benefits at the death of a Participant under Sections 4 or 6. 1.05 City. The city of Augusta, Georgia, successor to the Plan through consolidation by the City Council of Augusta. 1.06 Code. The Internal Revenue Code of 1986 as amended from time to time, and regulations or rulings issued thereunder. Attachment number 1 Page 7 of 39 Item # 52 LEGAL_US_E # 70626292.5 4 1.07 Commission. Augusta-Richmond County Commission, as successor to The City Council of Augusta, Georgia, which Augusta-Richmond County Commission shall act in the dual capacity of administrator of the Plan and Trustee of the Fund. 1.08 Committee. the pension committee consisting of the Augusta-Richmond County Commission. 1.09 Comptroller. The elected comptroller of Augusta. 1.10 Contributions. The payments made by the Participants to the Fund in accordance with Section 5. 1.11 Credited Service. (a) The number of years of uninterrupted and continuous employment (completed months expressed as a fractional year) of the Employee with the Employer from (i) the date he last entered the employment of the Employer, to (ii) the earlier of his date of termination of employment for any reason or his actual retirement date. (b) Credited Service will not be interrupted by: (1) vacation, or approved leave of absence authorized by the Employer of not more than ninety days in one calendar year; (2) voluntary or involuntary service in the Armed Forces of the United States in the time of war; (3) reelection or reappointment at the end of a term; or (4) periods of approved leaves of absence during which the Participant incurs a Total and Permanent Disability within the meaning of Section 3.03, provided that he recovers from a Total and Permanent Disability and is reemployed by the Employer as required under Section 3.03(a) or 3.03(b). (c) For benefit purposes, no Participant will receive any credit for any period of inactive employment. For vesting purposes, an Employee who has one or more breaks in employment will receive credit only from his most recent date of reemployment. (d) Effective December 12, 1994, notwithstanding anything in the Plan to the contrary, contributions, benefits, and service credit with respect to qualified military service shall be provided in accordance with Section 414(u) of the Code. 1.12 Deputy Comptroller. The duly commissioned deputy comptroller of the City. 1.13 Earnings. (a) The total salary, wages, or remuneration paid to the Participant by the Employer during any Plan Year. Effective as of January 1, 1998, the term “Earnings” shall also include any elective deferral (within the meaning of Code Section 402(g)(3)) Attachment number 1 Page 8 of 39 Item # 52 LEGAL_US_E # 70626292.5 5 and any amounts that are deferred by the Employer at the election of the Employee that are not included in the Employee’s gross income pursuant to Code Section 125 or 457. Effective January 1, 2001, Earnings shall also include elective amounts that are not includable in the Employee’s gross income by reason of Code Section 132(f)(4). With respect to Plan Years from January 1, 1989 through December 31, 1996, the rules of Code Section 414(q)(6) shall apply in determining a Participant’s Earnings, except that the term ‘family’ includes only the Participant’s spouse and any lineal descendants who have not attained age 19 before the end of the Plan Year. (b) Effective January 1, 2006, a Participant’s Earnings shall be disregarded to the extent such Earnings exceed $220,000, as such amount may be adjusted from time to time for increases in the cost of living in accordance with the Code and regulations thereunder. With respect to Plan Years from January 1, 2005 through December 31, 2005, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$210,000”. With respect to Plan Years from January 1, 2004 through December 31, 2004, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$205,000”. With respect to Plan Years from January 1, 2002 through December 31, 2003, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$200,000”. With respect to Plan Years from January 1, 2001 through December 31, 2001, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$170,000”. With respect to Plan Years from January 1, 1994 through December 31, 2000, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$150,000”. With respect to Plan Years from January 1, 1989 through December 31, 1993, “$220,000” in the first sentence of this Section 1.13(b) shall be replaced with “$200,000”. With respect to Plan Years from January 1, 1976 through December 31, 1983, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$100,000”. 1.14 Effective Date. For purposes of this Plan as restated, except as otherwise set forth herein, the ‘Effective Date’ shall be January 1, 1984. The Plan was originally established effective March 1, 1949. 1.15 Employee. Any employee, officer, appointee or electee of the Commission as now constituted or hereafter constituted, and any employee, officer, appointee or electee under any official of the City as now constituted or hereafter constituted who is elected by the vote of the electorate but excluding: (a) employees of the University Hospital; (b) the Recorder; (c) the Assistant Recorder; (d) employees of the Sinking Fund Commission; and (e) other officers elected by vote of the electorate. Attachment number 1 Page 9 of 39 Item # 52 LEGAL_US_E # 70626292.5 6 1.16 Employer or County. Augusta-Richmond County, as successor by consolidation to The City Council of Augusta and Richmond County, created by 1995 Ga. Laws p. 3648, as amended. 1.17 Fund. The Fund trust fund created in accordance with the Plan and Trust. 1.18 Joint Annuitant. The person designated by the Participant to receive payments after the death of the Participant as provided in accordance with Section 3. 1.19 Mayor. The mayor of Augusta, Georgia. 1.20 Participant. An Employee who is eligible to participate in the Plan as provided in Section 2. 1.21 Payee. The Beneficiary or Joint Annuitant designated by the Participant in accordance with Section 1.04 or 1.18 hereof to receive benefits under the Plan after his death. 1.22 Pension Fund Investment Committee. The pension fund investment committee consisting of the members of the Augusta-Richmond County Commission-Council, which committee shall invest the Fund in accordance with Section 8.05. 1.23 Plan. The City of Augusta 1949 General Retirement Fund as contained herein, all amendments thereto which may hereafter be made and any existing acts of the General Assembly of Georgia, and or ordinances adopted under the Home Rule provisions of Georgia law pertaining to the City of Augusta 1949 General Retirement Fund. The Plan shall include the Trust as hereinafter defined. 1.24 Plan Year. The twelve month period ending December 31 of each year. 1.25 Secretary. The Mayor acting in his capacity as secretary of the Committee. 1.26 Total and Permanent Disability. (a) The Commission shall determine whether a Participant shall be considered Totally and Permanently Disabled and the Commission shall declare in its findings whether or not such disability is permanent and total. The Commission shall base its determination as to whether a Participant is Totally and Permanently Disabled on whether the Participant is not able, on account of disability received in the discharge of his employment duties, to adequately discharge the duties of his job or office, nor ever will be. (b) Upon a Participant’s application to the Comptroller stating that he is Totally and Permanently Disabled, the chief executive of Augusta or other official as designated by the Augusta-Richmond County Commission shall immediately designate a physician to examine the applicant and no such retirement shall be allowed under Section 3.03 unless the physician so appointed files with the Mayor as the chief executive of Augusta such physician’s affidavit that he has examined the applicant and found him totally and permanently incapable of pursuing any gainful occupation; provided, that the applicant if aggrieved by the decision of Attachment number 1 Page 10 of 39 Item # 52 LEGAL_US_E # 70626292.5 7 Augusta’s physician may designate a physician on his own part who together with Augusta’s physician shall designate a third physician and the decision of the majority of said three (3) physicians shall be the final decision regarding whether the Participant has incurred a Total and Permanent Disability recommended to the Commission for its determination, which shall be final and binding. (c) Notwithstanding anything in this Section 1.26 to the contrary, whether a Participant is Totally and Permanently Disabled shall be subject to the exclusions set forth in Section 3.03. 1.27 Trust Agreement or Trust. The agreement of trust between the Commission, in its capacity as the governing body of the Employer and the Commission, in its capacity as Trustee, which shall govern the continuation and maintenance of the trust fund, and all amendments thereto. 1.28 Trustee. The Commission in its capacity as trustee. 1.30 Vested Percentage. Vested Percentage will be determined in accordance with Section 3.05. SECTION 2 ELIGIBILITY AND PARTICIPATION 2.01 Eligibility. Each Participant in the Plan on December 31, 1996 (according to the Plan terms then in effect) shall continue to be a Participant, and no other Employee shall be eligible to participate. In accordance with Ordinance No. 5399, no Employee hired after February 28, 1987 is eligible to become a Participant in this Plan. 2.02 Special Rules for Pre-1997. Each Participant whom the Commission has not classified as an Employee on or after January 1, 1997, shall have his rights under the Plan determined in accordance with any applicable acts of the General Assembly of Georgia and any ordinances adopted under the ‘home rule’ of Georgia law pertaining to the City of Augusta 1949 General Retirement Fund as were in effect on the last day of such classification as an Employee. SECTION 3 RETIREMENT DATES AND BENEFITS 3.01 Normal Retirement. Normal retirement under the Plan is retirement from the employ of the City on the Normal Retirement Date. In the event of normal retirement, payment of the retirement benefit shall be governed by the following provisions of this Section. (a) Normal Retirement Date, The Normal Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he reaches: (1) Age fifty-five (55) if he is a Firefighter or Peace Officer and has at least twenty-five (25) years of Credited Service; or (2) Age sixty (60) if he is employed in a capacity other than as a Firefighter or Peace Officer and has at least twenty-five (25) years of Credited Service. Attachment number 1 Page 11 of 39 Item # 52 LEGAL_US_E # 70626292.5 8 For purposes of this Section 3.01, a “peace officer” is defined as any Participant who is “POST” (Peace Officer Standards and Training) certified and a “Firefighter” is defined as any Participant who is “FOST” (Firefighter Officer Standards and Training) certified. (b) Amount of Retirement Benefit. (1) If the Participant retires on his Normal Retirement Date on or after January 1, 1995, the Participant shall receive a monthly retirement benefit of an amount equal to (i) 2.15% of the Participant’s Average Earnings multiplied by the number of months of such Credited Service (up to a limit of 360 months), plus (ii) 1.5% of the Participant’s Average Earnings multiplied by the number of months of such Credited Service in excess of the 360 month limit. (2) Any Participant who retired on or after June 21, 1993 shall receive a monthly retirement benefit of an amount equal to 1.75% of the Participant’s average annual rate of pay for the last three years of his or her service, multiplied by the number of years of such service; provided that any such Participant may, subject to such rules and regulations as the City Council may from time to time establish, elect to receive a pension for his lifetime payable monthly at an annual rate amounting to 2% of his average annual rate of pay for the last three years of his service, the annual amount thereof, however, not to exceed 60% of the said average annual rate of pay. (3) Any Participant who retired on or after October 9, 1987 shall receive a monthly retirement benefit of an amount equal to 1% of the Participant’s average annual rate of pay for the last three years of his or her service, multiplied by the number of years of such service; provided that any such Participant may, subject to such rules and regulations as the City Council may from time to time establish, elect to receive a pension for his or her lifetime payable monthly at an annual rate amounting to 2% of his or her average annual rate of pay for the last three years of his service, the annual amount thereof, however, not to exceed 60% of the said average annual rate of pay. (4) Any Participant who retired on or after March 1, 1949 shall receive during his lifetime a pension, payable monthly, at an annual rate amounting to 1% of his or her average annual rate of pay for the last five years of his or her service, multiplied by the number of years of such service; provided, effective March 10, 1966, that any such Participant may, subject to such rules and regulations as the City Council may from time to time establish, elect to receive a pension for his or her lifetime payable monthly at an annual rate amounting to 2% of his or her average annual rate of pay for the last five years of his or her service, the annual amount thereof, however, not to exceed 60% of the said average annual rate of pay. Attachment number 1 Page 12 of 39 Item # 52 LEGAL_US_E # 70626292.5 9 (c) Payment of Retirement Benefit. The retirement benefit payable in the event of normal retirement shall be payable on the first day of each month. The first payment shall be made on the Participant’s Normal Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to the provision of Section 4.02. 3.02 Early Retirement. Early retirement under the Plan is retirement from the employ of the City prior to the Normal Retirement Date. Early retirement shall be authorized only within five (5) years of the Participant’s Normal Retirement Date, and only if by such time, the Participant has at least twenty (20) years of Credited Service. In the event of early retirement under these conditions, payment of the retirement benefit shall be governed by the following provisions of this Section. Notwithstanding the foregoing, if a Participant receives special early retirement benefits under Section 3.10 or 3.11, the Participant shall be ineligible for benefits under this Section 3.02. (a) Early Retirement Date. The Early Retirement Date of a Participant shall be the first day of the month coincident with or immediately following the date he retires from the employ of the City under the provision of this Section. (b) Amount of Retirement Benefit. A Participant at retirement an his Early Retirement Date shall at his option receive either: (1) a deferred monthly retirement benefit commencing on his Normal Retirement Date, provided he is then alive, equal to an amount computed in the same manner as for normal retirement in accordance with Section 3.01(b), but based on Credited Service and Average Earnings as of his Early Retirement Date; or (2) an immediate monthly retirement commencing on his Early Retirement Date equal to the benefit determined in Section 3.02(b) above, reduced by .05 % for each complete month by which the Early Retirement Date of a Participant precedes his Normal Retirement Date. (c) Payment of Retirement Benefit: The monthly retirement benefit payable in the event of early retirement shall be payable on the first day of each month. The first payment shall be made on the optional date elected by the Participant under Section 3.02(a) above and the last payment shall be the payment due next preceding his date of death, subject to Section 4.02. (d) This Section 3.02 is effective as of April 10, 1971. 3.03 Disability Retirement. (a) A Participant may retire under the Plan if he becomes Totally and Permanently Disabled and the Participant: (1) has incurred the Total and Permanent Disability as a result of injury or illness incurred in the performance of his employment duties; or Attachment number 1 Page 13 of 39 Item # 52 LEGAL_US_E # 70626292.5 10 (2) has incurred the Total and Permanent Disability as a result of injury or illness from any cause; provided that the Participant has ten (10) years of Credited Service at the time of the Total and Permanent Disability. (b) Notwithstanding anything in this Section to the contrary, a Participant shall not be entitled to receive any disability retirement benefit if the Participant’s disability is a result of any of the following: (1) the Participant’s willful misconduct, or (2) the Participant’s intoxication. (c) Disability Retirement Date. The Disability Retirement Date of a Participant shall be the first day of the month which coincides with or next follows the date the Commission approves payment of the Participant’s disability benefit. (d) Disability Retirement Benefit. The monthly retirement benefit payable to a Participant on his Disability Retirement Date shall be equal to one half of the Participant’s Average Earnings; provided however, that should such Participant receive any Workmen’s Compensation while so disabled, such Workmen’s Compensation so received, excluding, medical, doctor, nursing and hospitalization, shall be subtracted from any pension voucher paid to the Participant, and he shall receive only the excess of any pension due him after the subtraction of the amount of Workmen’s Compensation received by him, less any other indebtedness due the City by the Participant. Such retirement shall herein be referred to as disability retirement and payment of the disability retirement benefit shall be governed by the following provisions of this Section. (e) Payment of Disability Retirement Benefit. The retirement benefit to which a Participant is entitled in the event of his Total and Permanent Disability shall be payable on the first day of each month. The first payment shall be made on the Participant’s Disability Retirement Date and the last payment shall be the payment due next preceding the earlier of: (a) his date of death, (subject to the provisions of Section 4.02) or (b) the cessation of his Total and Permanent Disability prior to his Normal Retirement Date. (f) Termination of Disability Retirement Benefit. The continuance of any disability may be inquired into by medical examination, as provided in Section 1.26, upon the application of any interested party and for good cause shown. If the Participant’s Disability is discontinued because of the findings of a medical examination or otherwise, the Commission is hereby authorized to terminate any retirement payments payable under this Section, to reemploy any rehabilitated Participant, continue retirement benefits in lieu of reinstatement, or make such other disposition of the claim for retirement benefits as may be necessary and proper. 3.04 Delayed Retirement. Attachment number 1 Page 14 of 39 Item # 52 LEGAL_US_E # 70626292.5 11 (a) Delayed retirement under the Plan is retirement from the employ of the City after the Normal Retirement Date but in no event later than: (1) Age sixty (60) if he is a firefighter or police officer; or (2) Age seventy (70) if he is employed in a capacity other than as a firefighter or police offer and has at least twenty-five (25) years of Credited Service. (b) Notwithstanding anything to the contrary, the Commission shall not interpret this Section in manner that would violate the Age Discrimination in Employment Amendments of 1986, as amended. In the event of delayed retirement, payment of the retirement benefit shall be governed by the following provisions of this Section. (c) Delayed Retirement Date. The Delayed Retirement Date of a Participant shall be the first day of the month coincident with or immediately following the date he actually retires from the employ of the City after his Normal Retirement Date in accordance with this subsection (A) of this Section. (d) Amount of Retirement Benefit. The monthly retirement benefit payable to a Participant who retires on his Delayed Retirement Date shall be an amount computed in the same manner as for normal retirement in accordance with Section 3.01(b), but based on Credited Service and Average Earnings as of his actual retirement date; provided, however, such amount shall not be less than the monthly benefit the Participant would have received had he retired on his Normal Retirement Date. (e) Payment of Retirement Benefit. The retirement benefit payable in the event of delayed retirement shall be payable on the first day of each month. The first payment shall be made on the Participant’s Delayed Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to Section 4.02. 3.05 Termination of Employment. (a) A Participant who terminates employment with the City before otherwise becoming eligible for retirement benefits under this Section 3, but after having completed at least fifteen (15) years of Credited Service and attaining the age of forty five (45) shall have a right to the ‘Vested Percentage’, as defined in subsection (b) of this Section 3.05, of his Accrued Benefits in lieu of withdrawal of his Contributions, if any, under Section 5.02(b). Provided that the Participant is alive at such date, such benefits will be payable at the Participant’s Normal Retirement Date and in such amount as provided in Section 3.01(b) without reduction, or at the Participant’s Early Retirement Date but subject to such reduction as provided in Section 3.02(b)(2). (b) For purposes of this Section, “Vested Percentage” shall mean 50% of the Participant’s Accrued Benefit plus an additional 10% of his Accrued Benefit for each year of Credited Service in excess of 15 years up to a maximum Vested Attachment number 1 Page 15 of 39 Item # 52 LEGAL_US_E # 70626292.5 12 Percentage of 100%. For purposes of this Section, Accrued Benefit shall be determined as of the Participant’s date of termination of employment, and shall otherwise be determined in the same manner as for normal retirement benefits but reflecting the Participant’s Credited Service and Average Earnings determined as of the date of the Participant’s employment termination. (c) This Section 3.05 is effective as of April 10, 1971. 3.06 Cost-of-Living Adjustment of Benefits. Effective April 10, 1971, all retirement and disability benefits received under this Section 3 shall be adjusted annually pursuant to this Section 3.06. (a) For purposes of this Section, “Index Ratio” means the ratio attained by dividing the “Consumer Price Index” (as determined by the Bureau of Labor Statistics of the United States Department of Labor) for the current calendar year by the Consumer Price Index for the calendar year immediately preceding the current calendar year. (1) Index Ratio of 1.02 or More – If the Index Ratio is 1.02 or greater, the retired Participant’s monthly retirement benefit will be increased in accordance with subsection (B) of this Section. (2) Index Ratio of Between .96 and 1.01 – If the Index Ratio is between .96 and 1.01, the retired Participant’s monthly retirement benefit will not be adjusted pursuant to subsection (B) of this Section, and the Consumer Price Index for the current year ending on December 31st shall be replaced by the Consumer Price Index for the year ending on December 31st when the Participant’s retirement benefits were last adjusted. (3) Index Ratio of .95 or Less- If the Index Ratio is .95 or less, the retired Participant’s monthly retirement benefit will be decreased in accordance with subsection (B) of this Section. (b) On the December 31st coinciding with or next following the date of the Participant’s date of actual retirement under this Section 3 (the “December 31 Following Retirement”), the Consumer Price Index for the year ending on such December 31 Following Retirement shall be posted to the retired Participant’s retirement record. Subject to Subsection (A) of this Section, on each anniversary of the December 31 Following Retirement while the retired Participant is receiving monthly retirement benefits under this Section 3, the monthly retirement benefits shall be adjusted on April 1 of each year by multiplying the amount of the annual retirement benefit received during the previous calendar year by the Index Ratio. 3.07 Required Distribution Rules Effective January 1, 1987 Through December 31, 2002. (a) Payment to the Participant. Attachment number 1 Page 16 of 39 Item # 52 LEGAL_US_E # 70626292.5 13 (1) Any other provision of the Plan notwithstanding, the Plan will cash-out each Participant’s Accrued Benefit, or will begin annuity payments, no later than the April 1 following the calendar year in which he retires, or the later calendar year in which he reaches age 70½. (2) The Plan will pay the Accrued Benefit over a period not extending beyond the Participant’s lifetime or life expectancy, or over a period not extending beyond the joint and last survivor life expectancies of the Participant and his spouse or other beneficiary, using age(s) attained as of the end of the calendar year in which the Participant retires (or reaches age 70½ if later), and the Accrued Benefit as of that date. However, if the beneficiary of a joint and survivor annuity form of payment is not the spouse and is more than 10 years younger than the Participant, payments to the beneficiary will not exceed the applicable percentage of the Participant’s benefit payments required by the incidental benefit rule. The Commission will not recalculate the life expectancy(s). (b) Participant’s Death After Benefits Begin. If the Participant dies after his payments have begun in a survivor annuity form, the Commission will pay the survivor benefits at least as rapidly as under the form of annuity in effect before his death. (c) Participant’s Death Before Benefits Begin. If the Participant dies before his payments have begun, the Commission will pay his entire Accrued Benefit no later than December 31 of the calendar year which contains the fifth anniversary of his death. However, this five-year rule will not apply if the primary Beneficiary is an individual and circumstances permit the Commission to use the exception described below. (1) Surviving Spouse as Primary Beneficiary. If the Participant’s surviving spouse is the Beneficiary, the Commission will begin payments not later than the end of the calendar year during which the Participant would have reached age 70½, and will continue payments over a period not extending beyond the Participant’s spouse’s life expectancy, using age attained as of that date and not recalculated. (2) Non-Spouse Primary Beneficiary. If the Beneficiary is an individual other than the Participant’s spouse, the Commission will begin payments not later than the last day of the calendar year following the year in which the Participant’s death occurs, and will continue payments over a period not extending beyond the Beneficiary’s life, or life expectancy determined as of that date and not recalculated. If the Beneficiary dies before receiving 120 payments under the ten years certain and life annuity described in Section 6.01(a), the Commission will continue to use the primary Beneficiary’s life expectancy for purposes of making payments to an individual contingent Beneficiary. Attachment number 1 Page 17 of 39 Item # 52 LEGAL_US_E # 70626292.5 14 (d) Compliance with Code Section 401(a)(9). Effective January 1, 1987, it is the intent of the Commission that this Section provide that the beginning dates and payment periods of benefits payable to each Participant and Beneficiary will be within the limitations permitted under Code Section 401(a)(9), as in effect from time to time, and the proposed regulations under Code Section 401(a)(9) published in the Federal Register on July 27, 1987, 52 FR 28070. If there is any discrepancy between this Section 3.07 and Code Section 401(a) (9) and its associated regulations, that Code Section and regulations will prevail. 3.08 Required Distribution Rules Effective January 1, 2003. (a) General Rules. (1) Precedence. The requirements of this article will take precedence over any inconsistent provisions of the Plan. (2) Requirements of Treasury Regulations Incorporated. All distributions required under this Section 3.08 will be determined and made in accordance with the Treasury regulations under Section 401(a)(9) of the Internal Revenue Code. (b) Time and Manner of Distribution. (1) Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the participant’s Required Beginning Date. (2) Death of a Participant Before Distributions Begin. If the Participant dies before the distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: A. If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, then distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later. B. If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, then distributions to the Designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. C. If there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. D. If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, this Section 3.08(b)(2), other than section 3.08(b)(2)A., will apply as if the surviving spouse were the participant. Attachment number 1 Page 18 of 39 Item # 52 LEGAL_US_E # 70626292.5 15 For purposes of this section 3.08(b)(2) and section 3.08(e), distributions are considered to begin on the Participant’s Required Beginning Date (or, if section 3.08(b)(2)D. applies, the date distributions are required to begin to the surviving spouse under section 3.08(b)(2)A.). If annuity payments irrevocably commence to the Participant before the Participant’s Required Beginning Date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under section 3.08(b)(2)A.), the date distributions are considered to begin is the date distributions actually commence. (3) Form of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the Required Beginning Date, as of the first distribution calendar year distributions will be made in accordance with Sections 3.09(c), 3.09(d) and 3.09(e) hereof. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Code Section 401(a)(9) and the Treasury regulations. Any part of the Participant’s interest which is in the form of an individual account described in Code Section 414(k)will be distributed in a manner satisfying the requirements of Code Section 401(a)(9) and the Treasury regulations that apply to individual accounts. (c) Determination of Amount to be Distributed Each Year. (1) General Annuity Requirements. If the Participant’s interest is paid in the form of annuity distributions under the Plan, payments under the annuity will satisfy the following requirements: A. the annuity distributions will be paid in periodic payments made at intervals not longer than one year; B. the distribution period will be over a life (or lives) or over a period certain not longer than the period described in section 4 or 5; C. once payments have begun over a period certain, the period certain will not be changed even if the period certain is shorter than the maximum permitted; D. payments will either be nonincreasing or increase only as follows: (i) by an annual percentage increase that does not exceed the annual percentage increase in a cost-of-living index that is based on prices of all items and issued by the Bureau of Labor Statistics; (ii) to the extent of the reduction in the amount of the participant’s payments to provide for a survivor benefit upon death, but only if the beneficiary whose life was being used to determine the distribution period described in section 4 dies or is no longer the participant’s beneficiary pursuant to a qualified domestic relations order within the meaning of section 414(p); Attachment number 1 Page 19 of 39 Item # 52 LEGAL_US_E # 70626292.5 16 (iii) to provide cash refunds of employee contributions upon the participant’s death; or (iv) to pay increased benefits that result from a plan amendment. (2) Amount Required to be Distributed by Required Beginning Date. The amount that must be distributed on or before the Participant’s Required Beginning Date (or, if the participant dies before distributions begin, the date distributions are required to begin under section 3.08(b)(2)A. or 3.08(b)(2)B.) is the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Payment intervals are the periods for which payments are received, e.g., bi-monthly, monthly, semi-annually, or annually. All of the Participant’s benefit accruals as of the last day of the first distribution calendar year will be included in the calculation of the amount of the annuity payments for payment intervals ending on or after the Participant’s Required Beginning Date. (3) Additional Accruals After First Distribution Calendar Year. Any additional benefits accruing to the Participant in a calendar year after the first distribution calendar year will be distributed beginning with the first payment interval ending in the calendar year immediately following the calendar year in which such amount accrues. (d) Requirements for Annuity Distributions that Commence During Participant’s Lifetime. (1) Joint Life Annuities Where the Beneficiary is Not the Participant’s Spouse. If the Participant’s interest is being distributed in the form of a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the Designated Beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant using the table set forth in Q&A-2 of section 1.401(a)(9)-6T of the Treasury regulations. If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the Designated Beneficiary after the expiration of the period certain (2) Period Certain Annuities. Unless the Participant’s spouse is the sole Designated Beneficiary and the form of distribution is a period certain and no life annuity, the period certain for an annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in Attachment number 1 Page 20 of 39 Item # 52 LEGAL_US_E # 70626292.5 17 section 1.401(a)(9)-9 of the Treasury regulations for the calendar year that contains the annuity starting date. If the annuity starting date precedes the year in which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations plus the excess of 70 over the age of the Participant as of the Participant’s birthday in the year that contains the annuity starting date. If the Participant’s spouse is the Participant’s sole Designated Beneficiary and the form of distribution is a period certain and no life annuity, the period certain may not exceed the longer of the Participant’s applicable distribution period, as determined under this Section 3.08(d)(2), or the joint life and last survivor expectancy of the Participant and the Participant’s spouse as determined under the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the calendar year that contains the annuity starting date. (e) Requirements for Minimum Distributions Where Participant Dies Before Date Distributions Begin. (1) Participant Survived by Designated Beneficiary. If the Participant dies before the date distribution of his or her interest begins and there is a Designated Beneficiary, the Participant’s entire interest will be distributed, beginning no later than the time described in section 3.08(b)(2)A. or 3.08(b)(2)B., over the life of the Designated Beneficiary or over a period certain not exceeding: A. unless the annuity starting date is before the first distribution calendar year, the life expectancy of the Designated Beneficiary determined using the beneficiary’s age as of the beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or B. if the annuity starting date is before the first distribution calendar year, the life expectancy of the Designated Beneficiary determined using the beneficiary’s age as of the beneficiary’s birthday in the calendar year that contains the annuity starting date. (2) No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the participant’s death. (3) Death of Surviving Spouse Before Distributions to Surviving Spouse Begin. If the Participant dies before the date distribution of his or her interest begins, the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, and the surviving spouse dies before distributions to the surviving spouse begin, this section 5 will apply as if the surviving Attachment number 1 Page 21 of 39 Item # 52 LEGAL_US_E # 70626292.5 18 spouse were the Participant, except that the time by which distributions must begin will be determined without regard to section 2.2(a). (f) Definitions. For purposes of this Section 3.08, the capitalized terms used herein shall have the following meanings: (1) Designated Beneficiary. The individual who is designated as the Beneficiary under Section 4.04 of the Plan and is the designated beneficiary under section 401(a)(9) of the Internal Revenue Code and section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations. (2) Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first distribution calendar year is the calendar year in which distributions are required to begin pursuant to section 3.08(b)(2). (3) Life Expectancy. Life expectancy as computed by use of the Single Life Table in section 1.401(a) (9)-9 of the Treasury regulations. (4) Required Beginning Date. April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70½ or the calendar year in which the Participant retires from employment with the City. 3.09 Code Section 415 Limit. (a) Definitions. When used in this Section 3.09, the following terms shall have the definitions set forth in this Section 3.09(a). (1) Defined Benefit Dollar Limitation. A. Effective as of January 1, 1976, the “Defined Benefit Dollar Limitation” is $75,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. B. Effective as of January 1, 1983, the “Defined Benefit Dollar Limitation” is $90,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. Attachment number 1 Page 22 of 39 Item # 52 LEGAL_US_E # 70626292.5 19 C. Effective as of January 1, 2002, the "Defined Benefit Dollar Limitation” is $160,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. (2) Defined Benefit Compensation Limitation. The “Defined Benefit Compensation Limitation” is 100% of Participant’s average compensation for his or her high 3 years of employment with the City. (3) Maximum Permissible Benefit. The “Maximum Permissible Benefit” is the lesser of the Defined Benefit Dollar Limitation or the Defined Benefit Compensation Limitation (both adjusted where required, as provided in paragraphs (A) of (B) of this Section 3.09(a)(1). (4) Minimum Age. A. Effective as of January 1, 1976, the “Minimum Age” is 55. B. Effective as of January 1, 1983, the “Minimum Age” is 62. (5) Maximum Age. Effective as of January 1, 1983, the “Maximum Age” is 65. (b) Limitation on Benefits. (1) Effective January 1, 1976 and subject to this Section 3.09, in no event will the annual benefits payable to any Participant exceed the Maximum Permissible Benefit at the time the Participant ceases to accrue Credited Service. (2) In accordance with Code Section 415(b)(10), notwithstanding anything in this Section 3.09 to the contrary, for purposes of Employees who became Participants before January 1, 1990, the benefit limitations contained in this Section 3.09 shall not be less than such Participant’s Accrued Benefit under the Plan (as determined without regard to any Plan amendment made after October 14, 1987). (c) Adjustments to the Defined Benefit Dollar Limitation. (1) Effective as of January 1, 1976, if the retirement benefit of a Participant begins prior to the Minimum Age, the Defined Benefit Dollar Limitation applicable to the Participant at such earlier age is an annual benefit payable in the form of a straight life annuity beginning at the earlier age that is the Actuarial Equivalent of the Defined Benefit Dollar Limitation applicable to the Participant at the Minimum Age (adjusted as required pursuant to this Section 3.09). The Defined Benefit Dollar Limitation applicable at an age lesser than the Minimum Age is determined as the Attachment number 1 Page 23 of 39 Item # 52 LEGAL_US_E # 70626292.5 20 lesser of: (i) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 1.02 of the Plan and (ii) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using a 5 percent interest rate and the applicable mortality table as defined in Section 1.02 of the Plan. Any decrease in the Defined Benefit Dollar Limitation determined in accordance with this Section 3.09 shall not reflect a mortality decrement if benefits are not forfeited upon the death of the Participant. If any benefits are forfeited upon death, the full mortality decrement is taken into account. (2) Effective as of January 1, 1983, if the benefit of a Participant begins after the Participant attains the Maximum Age, the Defined Benefit Dollar Limitation applicable to the Participant at such later age is the annual benefit payable in the form of a straight life annuity beginning at the later age that is actuarially equivalent to the Defined Benefit Dollar Limitation applicable to the Participant at the Maximum Age (adjusted as required pursuant to this Section 3.09). The actuarial equivalent of the Defined Benefit Dollar Limitation applicable at an age after the Maximum Age is determined as (i) the lesser of the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 1.02 of the Plan and (ii) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using a 5 percent interest rate assumption and the applicable mortality table as defined in Section 1.02 of the Plan. For these purposes, mortality between the Maximum Age and the age at which benefits commence shall be ignored. (3) Notwithstanding anything in this Section 3.09 to the contrary, benefit increases resulting from the increase in the Defined Benefit Dollar Limitation pursuant to Section 3.09(a)(1)C shall be limited to all Participants who have one hour of Credited Service on or after the first day of the first limitation year ending after December 31, 2001. (4) Notwithstanding anything in this Section 3.09 to the contrary, in the case of a Participant who has fewer than 10 years of Credited Service, the Defined Benefit Dollar Limitation shall be multiplied by a fraction, (i) the numerator of which is the number of years of Credited Service and (ii) the denominator of which is 10. (5) Notwithstanding anything in this Section 3.09 to the contrary, effective as of January 1, 1987, the annual benefit of any Participant who is a police officer or firefighter and who has at least 15 years of Credited Service may be determined without regard to Section 3.09(c)(1). (d) For distributions commencing prior to January 1, 2002 and for Participants who do not have one hour of Credited Service after this date, the City shall, to the extent required by the Economic Growth and Tax Relief Reconciliation Act of Attachment number 1 Page 24 of 39 Item # 52 LEGAL_US_E # 70626292.5 21 2001 and in accordance with the Code, apply the limitations contained in Code Section 415, as in effect at the time the distribution commenced; subject to the disregard of Code Section 415(e) for distributions occurring after January 1, 2000. (e) Effective as of January 1, 1976 through December 31, 1999, the limitation established by Section 415(e) of the Code (as in effect from time to time) shall apply to the calculation of any Participant’s annual benefit. 3.10 Enhanced Early Retirement for 1996. Participants who have attained, or who will have attained, the age of 50 on or before December 31, 1996, and who have completed 5 years of Credited Service as of July 1, 1996, and who are employed by Augusta on September 3, 1996, may elect to receive retirements benefits under this Section. Such election must be made on a form designated by the City between October 1, 1996 and 4:00 p.m. on December 23, 1996. Any Participant electing to retire early pursuant to this Section shall have until 4:00 p.m. on the seventh (7th) day following such election to revoke same. (a) Enhanced Early Retirement Dates. The Enhanced Early Retirement Date of a Participant shall be the first day of the month next following the date he retires from the employ of the City under the provisions of this Section. (b) Amount of Retirement Benefits. The monthly retirement benefit payable to a Participant who retires on his Enhanced Early Retirement Date shall be an amount equal to 2.15% of his Average Earnings for the last three years of his Credited Service, multiplied by the total number of years of Credited Service, plus an additional ten (10) years of Credited Service to be added to the years of Credited Service for purposes of computing the amount of the retirement benefit, up to 30 years plus 1.5% of his Average Earnings multiplied by the number of years of Credited Service in excess of thirty (30) years, up to a maximum of one hundred percent (100%) of average Earnings for the Participant’s high three (3) years of Earnings, any contrary provision of this Plan notwithstanding. The amount of the monthly enhanced retirement benefit shall not be reduced for any month or time period by which the Early Retirement Date of a Participant precedes his Normal Retirement Date, notwithstanding any other provision of this Plan to the contrary. (c) Prerequisite for Electing Early Retirements. Any Participant electing Enhanced Early Retirement shall be required to execute a covenant not to sue in favor of the City and its officials, agents, and employees for any and all claims arising out of such employee’s employment by the City, and agreeing not to seek or accept any further employment by the City, or its constitutional and elected officials. This provision shall not be construed as prohibiting any such person from seeking any elective position by the City. 3.11 Special Unreduced Early Retirement. If a Participant with at least twenty (20) years of Credited Service is permanently separated from the service involuntarily by action of the Commission without any fault on the Participant’s part, as determined by the Commission in its sole discretion, the Participant may elect to collect Plan benefits under this Section in lieu of any other Section of this Plan; provided, however, no Participant shall draw any benefits under this Section, and such benefits shall be forfeited, if the Attachment number 1 Page 25 of 39 Item # 52 LEGAL_US_E # 70626292.5 22 Participant is offered another position with the City of Augusta with no reduction in Earnings. (a) Special Retirement Date. The Special Retirement Date of a Participant shall be the first day of the month which coincides with or next follows the date the Participant elects to retire under the provision of this Section. (b) Amount of Special Unreduced Retirement Benefit. A Participant at retirement under this Section shall receive a monthly retirement benefit, commencing on his Special Retirement Date, provided he is then alive, equal to the amount computed in the same manner as for normal retirement in accordance with Section 3.01(b), but based on Credited Service and Earnings as of the Special Retirement Date. (c) Payment of Special Retirement Benefit. The monthly retirement benefit payable in the event of special retirement shall be payable on the first day of each month. The first payment shall be made on the Special Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to the provision of Section 4.02. 3.12 Rollover Distributions. Except where otherwise provided, Section 3.12 shall apply to benefits payable, but only to the extent required by the plan qualification rules of Section 401(a) of the Code. (a) Effective January 1, 1993, notwithstanding any contrary provision of the Plan, a Distributee may elect, at the time and in the manner prescribed by the City, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover. (b) The special capitalized terms used only in this Section 3.12 shall have the meanings specified below: (1) “Direct Rollover” means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. (2) “Distributee” means a Participant. In addition, a Participant’s surviving spouse and a Participant’s spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are Distributees with regard to the interest of the spouse or former spouse. (3) “Eligible Retirement Plan” means an individual retirement account described in Section 408(a) of the Code, an annuity plan described in Section 403(a) of the Code, an annuity contract described in Section 403(b) of the Code, or a qualified trust described in Section 401(a) of the Code that accepts the Distributee’s Eligible Rollover Distribution. Effective for Plan Years ending before January 1, 2002, in the case of an Eligible Rollover Distribution to the Employee’s or former Employee’s surviving spouse, an Eligible Retirement Plan shall mean only an individual retirement account or individual retirement annuity. Effective Attachment number 1 Page 26 of 39 Item # 52 LEGAL_US_E # 70626292.5 23 as of January 1, 2002, the definition of “Eligible Retirement Plan” shall also apply to an annuity contract described in Section 403(b) of the Code, an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, and in the case of a distribution to an Employee’s surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code. (4) “Eligible Rollover Distribution” means any distribution of all or any portion of the Accrued Benefit to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: (1) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of ten years or more; (2) any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and (3) the portion of any distribution that is not includible in gross income. Effective as of January 1, 2002, notwithstanding the foregoing, any amount that is distributed on account of hardship, to the extent allowed under the Plan, shall not constitute an Eligible Rollover Distribution. 3.13 Supplemental Retirement Benefit: Beginning as of January 6, 1998, Participants who retired pursuant to Section 3 prior to January 1, 1995 shall receive, in addition to their monthly retirement benefits, a payment of two thousand dollars ($2,000.00) per annum until their death or termination of their participation; provided however, should any court of competent jurisdiction determine that such supplemental retirement benefits are illegal or invalid for any reason, this Section shall be repealed immediately upon such order becoming final. SECTION 4 DEATH BENEFITS 4.01 Death Prior to Retirement. (a) Non-Duty Connected Death. If an Employee who became a Participant on or after March 18, 1985 dies before retirement, or after retirement without having made the election provided in Section 6, or in case of the death of the survivor of a Participant who has made such election and his spouse after his retirement, his Contributions to the fund, plus interest compounded annually at a rate equal to that average rate of interest earned on investments of the Fund for the twelve (12) month period immediately preceding his actual date of retirement under Section 3, less any retirement allowance paid to him or his spouse, shall be paid from the Fund on the order of the pension commission to the Beneficiary or Beneficiaries, if any, named by such Participant. All Participants in the Plan prior to March 18, Attachment number 1 Page 27 of 39 Item # 52 LEGAL_US_E # 70626292.5 24 1985 shall receive the amounts described in the previous sentence without interest. (b) Duty Connected Death. (1) This paragraph shall only apply if the Participant has not made an election pursuant to Section 6, and the Participant’s widow is not receiving benefits under subsection (b)(2) of this Section. Effective October 9, 1987, the surviving spouse of any Participant shall be entitled to a survivor pension, provided that the Participant dies while employed by the City, and at the time of death, shall have attained at least age fifty-five (55), with a minimum of ten (10) years of Credited Service. The amount of the survivor pension shall equal one-hundred percent (100%) of the retirement benefit calculated under Section 3.01(b). For purposes of calculating the retirement benefit under Section 3.01(b) to determine the amount of the survivor pension, the Participant shall be considered to have retired on his date of death. Notwithstanding anything in this Section to the contrary, but subject to the requirements of a proper qualified domestic relations order pursuant to Section 414(p) of the Code, in the event of the death or divorce from the Participant’s designated Beneficiary, the Participant may change the Participant’s designated Beneficiary. (2) This paragraph (b)(2) shall only apply if the Participant has not made an election pursuant to Section 6, and the widow is not receiving benefits under subsection (b)(1) of this Section. Effective March 10, 1966, the widow of a Participant who is killed in line of duty, as hereinafter defined, may elect, in lieu of receiving a refund of pension contributions under the provisions of the Plan, to receive a pension computed at twenty-five percent (25%) of the Participant’s monthly salary or wages at the time of his death, which shall be payable monthly to the widow, until her death or remarriage, or in the event of her death leaving a child or children of the Participant surviving her, who have not reached their 18th birthday, pension shall be continued to be paid for the benefit of such child or children as long as they remain unmarried and until they reach their 18th birthday; and if there be no widow living at the time of the death of such Participant killed is herein defined, but there be a child or children of Participant living as of date who have not reached their 18th birthday, the guardian of children may make a similar election as that provided for a widow and, in the event such election is made, a pension in amount shall be paid for the benefit of such child or children as long as they remain unmarried and until they reach their 18th birthday. (3) As used in this Section 4.01(b), “killed in line of duty” shall mean killed while actively performing the prescribed duties of the Participant’s job and not resulting from any misconduct or negligence of such Participant; provided, however, that no payments shall be made under the provisions of this section until such date as any monthly benefits provided under the Workmen’s Compensation Laws of Georgia shall have ceased. Attachment number 1 Page 28 of 39 Item # 52 LEGAL_US_E # 70626292.5 25 4.02 Death After Retirement. If a Participant dies subsequent to his retirement and had not elected an optional form of payment in accordance with Section 6, or had elected to receive a deferred benefit under Section 3.02(b)(l) or Section 3.05(b) but such benefit had not commenced, his Beneficiary shall receive a lump-sum cash amount equal to one-half of the benefits of the deceased Employee measured in accordance with Section 3.01(b), under the provisions of this Plan; provided that no benefits shall payable hereunder if Plan benefits are paid under Section 4.01. 4.03 Adjusted Benefit. The amount of monthly retirement benefit provided under this Section 4 shall be adjusted by the cost-of-living adjustment as provided in Section 3.06 upon commencement of such benefit. 4.04 Designation of Beneficiaries. (a) Each Participant shall designate a Beneficiary to receive the benefits, if any, which may be payable in the event of his death pursuant to the provision of Section 3 or 4. Such designation shall be made in writing on a form provided by the Commission and shall be signed and filed with the Commission. The Participant may change his designation from time to time by filing the proper form with the Commission, and each change shall revoke all prior designations by the Participant. In each such designation the Participant may name one or more primary Beneficiaries and one or more contingent Beneficiaries. If no Beneficiary designated by the Participant survives him, the Commission may direct the payment of such benefits to (i) the spouse of the deceased, if living; otherwise, to (ii) the descendents of the deceased Participant per stirpes or on their behalf as provided in Section 10.04; or if none, to (iii) the legal representative of the estate of the deceased Participant. (b) In the event of the death of a Beneficiary who survives the Participant and who, at his or her death, is receiving benefits as described in A immediately above, the remaining benefits, if any, shall be payable to a person designated by the Participant to receive the remaining benefits, or, if no person was so designated, then to a person designated by the Beneficiary of the deceased Participant; provided, however, that if no person so designated be living upon the occurrence of such contingency, the remaining benefits, if any, shall be payable to (a) the spouse of the deceased Participant, if living; otherwise to (b) the descendents of the deceased Beneficiary per stirpes or on their behalf as provided in Section 10.04; or if none, to (c) the legal representative of the estate of the deceased Beneficiary, as the Commission in its sole discretion may determine. (c) In the event the Commission does not direct the payments as specified in paragraphs (a) or (b) of this Section 4.04, the Commission may elect to have a court of applicable jurisdiction determine to whom payments should be made, and the Commission shall follow such instructions as the court may give. SECTION 5 CONTRIBUTIONS Attachment number 1 Page 29 of 39 Item # 52 LEGAL_US_E # 70626292.5 26 5.01 City Contributions. The City shall contribute sufficient amounts annually to the Fund. The Comptroller shall certify to the Commission that such amounts are necessary to be appropriated each year upon the basis of the actuarial survey and valuation. City contributions shall be paid to the Fund and shall be used only for the benefit of the Participants and Beneficiaries of the Plan. 5.02 Participant Contributions. (a) Each Participant hired after June 30, 1980 shall contribute to the Fund at each pay period an amount equal to eight percent (8%) of his Earnings. Participants hired prior to July 1, 1980 shall contribute to the Fund at each pay period an amount equal to five percent (5%) of his Earnings. Contributions by the Participant shall cease at the earlier of: (a) his date of termination of employment for any reason, and (b) his actual retirement date. (b) Withdrawals of Participant Contributions. Notwithstanding anything in the Plan to the contrary, any Employee who became a Participant on or after March 1, 1949 and who terminates employment before becoming eligible for retirement in accordance with Section 3 (or such Participant’s Beneficiary, if applicable) may, upon receiving approval from the Comptroller, withdraw the total of all of his Contributions, without interest; provided that if the Participant does not make a request to withdraw his Contributions within four (4) years of his date of employment termination, his Contributions shall revert to the Fund to be payable as Plan benefits to the Participant or the Participant’s Beneficiary and may not be then withdrawn by the Participant. SECTION 6 OPTIONAL FORMS OF RETIREMENT INCOME 6.01 Description of Options. The amount of any optional retirement benefit set forth below shall be the Actuarial Equivalent, as determined by the Committee, of the amount of benefit that would otherwise be payable to the Participant under the applicable provision of Section 3 without regard to any future cost-of-living adjustments. (a) Option A - Ten Years Certain and Life Option: An adjusted monthly retirement benefit payable to the Participant during his lifetime and, in the event of his death within a period of ten years after his retirement, the same monthly amount shall be payable for the remainder of such ten year period to his Beneficiary. (b) Option B - Joint and Last Survivor Option: An adjusted monthly retirement benefit which shall be payable during the joint lifetime of the Participant and his Joint Annuitant, with a previously designated percentage (100%, 75%, or 50%) of the benefit amount continuing after the death of either during the lifetime of the survivor. The amount of monthly retirement benefit payable under any option selected in accordance with the provisions of this Section shall be adjusted by the cost-of-living adjustment as provided in Section 3.06; provided, however, that if payments are to be made to an estate the commuted value of such payment shall be made in lieu of Attachment number 1 Page 30 of 39 Item # 52 LEGAL_US_E # 70626292.5 27 continuation of monthly payments. Such commuted value shall be equal to the amount of the lump-sum value of the remaining monthly payments in the amount of the last monthly payment, discounted on such actuarial tables as may be adopted by the Commission, ignoring any future cost-of-living adjustments. 6.02 Joint Annuitant or Beneficiary. (a) A Participant who elects Option A of Section 6.02(a) shall, designate (in accordance with Section 4.04), on a form provided for that purpose, a person to receive benefits payable in the event of the Participant’s death. Such person(s) shall be the Beneficiary of the Participant. (b) A Participant with benefits payable after his death for another person’s lifetime who elects Option B of Section 6.02(b) shall, designate, on a form provided for that purpose, a person to receive the benefits which continue to be payable upon the death of the Participant. Such person shall be the Joint Annuitant of the Participant. 6.03 Cancellation of Election. The election by a Participant of Option B shall be null and void if either the Participant or his designated Joint Annuitant should die before benefits commence. SECTION 7 ADMINISTRATION OF PLAN 7.01 Administration. (a) Powers of the Commission. The Commission shall control the administration of the Plan hereunder, with all powers necessary to enable it properly to carry out its duties in that respect. Not in limitation, but in amplification of the foregoing, the Commission shall have the power to construe the Plan and to determine all questions that shall arise thereunder, and shall also have all the powers elsewhere herein conferred upon it. It shall decide all questions relating to the eligibility of Employees to participate in the benefits of the Plan, and shall determine the benefits to which any Participant, Beneficiary, or Joint Annuitant may be entitled under the Plan. The decisions of the Commission upon all matters within the scope of its authority shall be final and binding upon all parties to this instrument, Participants, and Participant’s Beneficiaries and Joint Annuitants. (b) Records of the Commission. All acts and determination of the Commission shall be duly recorded by the clerk, or under his supervision, and all such records, together with such other documents as may be necessary for the administration of the Plan shall be preserved in the custody of such clerk. (c) Exemption from Liability of the Commission. The members of the Commission, and each of them, shall be free from all liability, joint, and several, for their acts, omissions and conduct, and for the acts, omissions and conduct of their duly constituted agents, in the administration of the Plan, and the City shall indemnify and save each of them harmless from the effects and consequences of their acts, Attachment number 1 Page 31 of 39 Item # 52 LEGAL_US_E # 70626292.5 28 omissions, and conduct in their official capacity, except to the extent that such effects and consequences shall result from their own willful misconduct. (d) Miscellaneous. (1) To enable the Commission to perform its functions, the City shall supply full and timely information of all matters relating to the compensation and length of service of all Participants, their retirement, death or other cause of termination of employment, and such other pertinent facts as the Commission may require. (2) The Commission shall be entitled to rely upon all tables, valuations, certificates, and reports furnished by an actuary, who shall be a member of the American Academy of Actuaries, or an organization which one or more members is a member of the American Academy of Actuaries and upon all certificates and reports made by an accountant selected or approved by the Commission. The Commission shall be fully protected in respect to any action taken or suffered by it in good faith in reliance upon the advice or opinion of any actuary, accountant, or attorney, and all action so taken or suffered shall be conclusive upon each member of the Commission and upon all persons interested in the Plan. SECTION 8 TRUST FUND AND TRUSTEES 8.01 Trust Fund. (a) There is created a permanent pension Fund for the benefit of each Participant covered by this Plan, and shall be kept in a separate account specifically delineated as the Plan’s funds, with a separate, permanent record thereof to be kept by the Comptroller. The assets of the Fund shall be held and administered by the Commission. The Fund shall consist of all payments by the City and Participants to the Fund and earnings from investments. The assets of the Fund shall be valued as of the end of each plan year, and at any other time required by the Commission, and at the then existing book and market value. The Fund is hereby declared not to be the property of the Commission or the City, and this includes any sum paid in or directed to be paid in by the Commission and it shall reserve no property in any sum raised or due by virtue of the Plan. (b) The Comptroller shall maintain a separate and permanent record of the Fund. All decisions of the Commission in regard to the Fund or any payments or withdrawals therefrom shall be recorded in the minutes of the Commission and also entered on the permanent record kept by the Commission and such permanent record shall be open to inspection by any interested person at all regular business hours. (c) No warrant shall be drawn upon the Fund except as otherwise provided in the Plan. Attachment number 1 Page 32 of 39 Item # 52 LEGAL_US_E # 70626292.5 29 8.02 Amendment of Trust. The City shall have the right at any time, by an instrument in writing duly executed by the Commission and to the Trustee, to modify, alter, or amend this Plan and Trust in whole or in part; provided, however, that the duties, powers, and liability of the Trustee hereunder shall not be substantially increased without its written consent, and provided further, that no such amendment shall have the effect of revesting in the City any part of the principal or income of the Fund. 8.03 Discontinuance of Trust and Vesting. The City expressly reserves the right to terminate this Plan and Trust Agreement at any time. Upon termination of the Plan by the City, or complete discontinuance of Contributions thereunder, having the effect of termination, the rights of each Participant to benefits accrued to the date of such termination or discontinuance, to the extent then funded, shall be nonforfeitable. In either case the Commission shall, upon instructions from the City, continue to administer the Fund as provided in Section 7. No part of the Fund shall at any time revert to the City unless all benefits for Participants and their Payees have been provided. 8.04 Powers of the Commission. (a) The Commission shall have the following power and authority in the administration of the Fund to be exercised in accordance with and subject to the provisions of Section 7.01 hereof: (1) control the administration of the Plan hereunder, with all powers necessary to enable it to properly carry out its duties in that respect. Not in limitation, but in amplification of the foregoing, the Commission shall have the power to construe the Plan and to determine all questions that shall arise thereunder, and shall also have all the powers elsewhere herein conferred upon it; (2) decide all questions relating to the eligibility of Employees to participate in the benefits of the Plan; and (3) determine the benefits to which any Participant or Beneficiary may be entitled under the Plan. (b) The decisions of the Commission upon all matters within the scope of this authority shall be final and binding upon all parties to this instrument, Participants and their Beneficiaries. (c) All acts and determinations of the Commission shall be duly recorded by the City clerk, or under his supervision and all such records, together with such other documents as may be necessary for the administration of the Plan, shall be preserved in the custody of such clerk. (d) The Commission shall prepare and distribute to the Employees information concerning the Plan at the expense of the City, in such manner as it shall deem appropriate. 8.05 Investment of Fund. Attachment number 1 Page 33 of 39 Item # 52 LEGAL_US_E # 70626292.5 30 (a) The Comptroller shall be the Trustee of the Fund and shall deposit all contributions to the Plan in a bank or banks, and, pursuant to the direction of the Pension Fund Investment Committee, shall invest and reinvest, from time to time, any portion thereof not immediately needed for the payment of pensions, in securities approved by law for the investment of trust funds, as the Pension Fund Investment Committee shall deem proper, from time to time; provided, however, that the amount of the Fund which may be invested in such securities other than those specifically approved by law for the investment of trust funds may not exceed sixty percent (60%) of the total amount of such fund then outstanding; and in addition thereto, the Pension Fund Investment Committee may invest such funds in bonds and debentures assumed or guaranteed by any solvent corporation or institution existing under the laws of the United States of America, or any state thereof, provided such bonds or debentures are rated at the time of their purchase, by a nationally recognized securities rating service, as AAA (Aaa), AA (Aa), or A (a) or in lieu thereof, provided that (if applicable), such bonds or debentures are the type in which domestic life insurance companies are permitted to invest under any applicable provisions of the Official Code of Georgia Annotated, as amended. The amount of the Fund which may be invested in the bonds and debentures of any one corporation may not exceed ten percent (10%) of the total amount of the Fund then outstanding. (b) Withdrawals from the Fund for investment purposes shall only be made by vouchers signed by the Comptroller or Deputy Comptroller and countersigned by the Mayor as chief executive officer of the City. The Comptroller shall maintain a record of the age, length of service, and contributions of each Participant. 8.06 Taxation. The Commission, in its settlor capacity, is hereby authorized to levy a tax from time to time to raise a sufficient sum to meet the requirements of the Plan for paying into the Fund an amount equal to the amount contributed by Participants to the Fund; and in the event such amount contributed by the Participants should be five percent (5%) of Earnings or more and the five per centum contributed by the Commission or more, and such amounts shall be insufficient to pay the pensions provided for in the Plan, then the Commission shall levy a sufficient tax to meet all payments as required by the Plan, and from time to time to continue to do so. 8.07 Resignation of Trustee. The Trustee may resign as Trustee of the Trust at any time by giving sixty (60) days written notice to the City, or with the consent of the City, may resign at any time. At such time as the resignation becomes effective, the Trustee shall render to the City an account of its administration of the Fund during the period following that covered by its last annual account, and shall perform all acts necessary to transfer and deliver the assets of the Fund to its successor. 8.08 Successor Trustees. In the event of vacancy of one or more individuals in the Trusteeship of this Trust occurring at any time, the Commission shall designate and appoint qualified successor Trustee(s) until such individuals are elected by the electorate. Attachment number 1 Page 34 of 39 Item # 52 LEGAL_US_E # 70626292.5 31 8.09 Disbursements. Upon written direction (which may be a continuing one) from the Commission as to the name of any person to whom money is to be paid from the Fund and the amount thereof, checks shall be drawn by the Trustee in the name of the person designated by the Commission and deliver such checks in such manner and amounts and at such time as the Commission shall direct. In the event the Trustee shall deem it necessary to withhold any distribution pending compliance with legal requirements with respect to probate of wills, appointment of personal representatives, payment of or provision for estate or inheritance taxes, or for death duties or otherwise, the Trustee shall withhold payment pending receipt of the instructions from the City Attorney to make such distribution. SECTION 9 AMENDMENT AND TERMINATION This Section 9 shall apply only to the extent that it does not otherwise conflict with applicable Georgia law, including, but not limited to, Article I, Section I, Paragraph X of the Georgia Constitution. 9.01 Amendment of the Plan. The City shall have the right at any time pursuant to authorization of the Commission, to amend any or all of the provisions of the Plan; provided, however, that no such amendment shall authorize or permit any part of the Fund to be diverted to purposes other than for the exclusive benefit of Participants and their Payees; and further provided, that no amendment shall have the effect of revesting in the City any portion of such Fund except such amounts which remain in the Fund after termination of the Plan and after all liabilities under the Plan have been satisfied. 9.02 Termination of the Plan. (a) The City expects this Plan to be continued indefinitely but, of necessity, reserves the right to terminate the Plan and its contributions thereunder at any time by action of the Commission; provided, however, that should the City terminate the Plan or completely discontinue contributions hereunder so as the amount to a Plan termination, the accrued benefit of each Participant, to the extent then funded, shall become fully vested and nonforfeitable as the date of termination. (b) In the event of termination of the Plan and upon receipt of written notice of such termination, the Commission shall arrange for the Fund to be apportioned and distributed in accordance with the following procedure: (1) The Commission shall determine the date of distribution and asset value of the Fund to be distributed, taking into account the expenses of distribution. (2) The Commission shall determine the method of distribution of the asset value -- that is, whether distribution to each Participant or Payee entitled to benefits shall be by payment in a lump-sum cash amount, the purchase of an annuity from an insurance company, or otherwise. (3) The Commission shall apportion the asset value in the priority and manner set forth below, on the basis that the amount required to provide any given Attachment number 1 Page 35 of 39 Item # 52 LEGAL_US_E # 70626292.5 32 retirement benefit shall mean the actuarially computed single-sum value of such benefit, except that if the method of distribution determined under paragraph B of this Section involves the purchase of an insured annuity, the amount required to provide the given retirement benefit shall mean the single premium payable for such annuity: A. An amount equal to each Participant’s Contributions under the Plan, less the aggregate amount of any benefit payments previously made with respect to such Participant, will be determined and such amount apportioned from the asset value. Such asset value, if insufficient to provide such amounts in full will be apportioned among such Participants in proportion to the amounts determined with respect to them. B. If there be any asset value remaining after the apportionment under A. above, apportionment shall next be made with respect to each retired Participant receiving a retirement benefit hereunder an such date, each person receiving a retirement benefit on such date on account of a retired (but since deceased) Participant, each Participant who has, by such date, reached his Normal Retirement Date but has not yet retired, in the amount required to provide such retirement benefit as of the date of termination of the Plan, less any apportionment made in (1) above, provided that, if such remaining asset value be less than the aggregate of such amounts, such amounts shall be proportionately reduced so that the aggregate of such reduced amounts will be equal to such asset value. C. If there be any asset value remaining after the apportionments under A. and B. above, apportionment shall next be made with respect to each active Participant on such date who has reached his Early Retirement Date but has not yet retired, in the amount required to provide such retirement benefit as of the termination date of the Plan, less any apportionment in A. above, provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately reduced so that the aggregate of such reduced values will be equal to such remaining asset value. D. If there be any asset value remaining after the apportionments under A., B., and C. above, apportionment shall next be made with respect to each active Participant on such date who has completed at least 10 years of Credited Service and each former Participant then entitled to a deferred benefit under Section 3.05(b) hereof who has not, by such date, reached his Normal Retirement Date, none of whom is entitled to an apportionment under B. above, in the amount required to provide the actuarially determined value of the accrued benefit as of the termination date of the Plan, less any apportionment in A. above; provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately reduced so that the aggregate of such reduced values will be equal to such remaining asset value. E. If there be any asset value remaining after apportionments under A., B., C., and D. above, apportionment shall lastly be made with respect to each active Participant on such date who is not entitled to an apportionment under A., B., and C. above, in the amount required to provide the actuarially determined value of the accrued benefit as of the date of termination of the Plan, less any apportionment in A. above; provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts Attachment number 1 Page 36 of 39 Item # 52 LEGAL_US_E # 70626292.5 33 shall be proportionately. reduced so that the aggregate of such reduced values will be equal to such remaining asset value. F. In the event that any asset value remains after the full apportionments specified in paragraphs A., B., C., D., or E. above, such excess shall revert to the City. (4) The Commission shall cause to be distributed, in accordance with the manner of distribution determined under paragraph B of this Section, the amounts apportioned under C above. SECTION 10 MISCELLANEOUS 10.01 Headings. The headings and subheadings in this Plan have been inserted for convenience of reference only and are to be ignored in any construction of the provisions hereof. 10.02 Construction. (a) In the construction of this Plan the masculine shall include the feminine and the singular the plural in all cases where such meanings would be appropriate. (b) If any provisions of this Plan, or the applicability thereof to any person or circumstance, is held invalid, the remainder of this Plan and the applicability thereof and of such provision to other persons or circumstances shall not be affected thereby. (c) This Plan shall be construed in accordance with the laws of the State of Georgia. 10.03 Nonalienation. No benefits payable under the Plan will be subject to the claim or legal process of any creditor of any Participant or Beneficiary, and no Participant or Beneficiary will alienate, transfer, anticipate, or assign any benefits under the Plan, except that distributions will be made pursuant to (a) qualified domestic relations orders issued in accordance with Code Section 414 (p), (b) judgments resulting from federal tax assessments, and (c) as otherwise required by law. 10.04 Benefits Supported Only By Fund. Any person having any claim under the Plan will look solely to the assets of the Fund for satisfaction. In no event will the City, or any of its officers, members of the Commission, or agents, be liable in their individual capacities to any person whomsoever, under the provisions of the Plan. 10.05 Discrimination. The City, through the Commission, shall administer the plan in a uniform and consistent manner with respect to all Employees and shall not permit discrimination in favor of officers, supervisory or highly-paid employees. 10.06 Limitation of Liability; Legal Actions. It is expressly understood and agreed by each Employee who becomes a Participant hereunder, that except for its or their willful negligence or fraud, neither the City, the Trustee, nor the Commission shall be in any way subject to any suit or litigation, or to any legal liability, for any cause or reason whatsoever, in connection with this Plan or its operation, and each such Participant Attachment number 1 Page 37 of 39 Item # 52 LEGAL_US_E # 70626292.5 34 hereby releases the City, Trustee, Commission, and all its officers and agents from any and all liability or obligation. 10.07 Claims. Any payment to a Participant, Joint Annuitant, or Beneficiary, or to their legal representatives, in accordance with the provision of this Plan, shall to the extent thereof be in full satisfaction of all claims hereunder against the Commission, Trustee, and the City, any of whom may require such Participant, Beneficiary, or legal representative, as a condition precedent to such payment, to execute a receipt and release therefore in such form as shall be determined by the Commission. 10.08 Forfeitures. Forfeitures arising from any cause whatsoever under this Plan shall not be applied to increase the benefits any Participant would otherwise receive under the Plan at any time prior to the termination of the Plan or the complete discontinuance of City Contributions hereunder; forfeitures shall be applied to reduce the City’s Contributions under the Plan in the then current or subsequent years. 10.09 Applications. (a) All applications for retirement or the withdrawal of Contributions shall be made in writing on forms prescribed by the Comptroller and filed in his office. (b) All applications for retirement shall be acted upon by the Committee. The Secretary shall keep a careful record of all Committee proceedings. Upon certification by the Secretary that a majority of the Committee has determined that the applicant is entitled to retirement of a given amount, which decision shall not be unreasonably or unlawfully made, and subject to the procedure regarding disability applications described in Section 3.03, the Comptroller shall include his name on the pension list and shall draw monthly vouchers for the payment of his retirement benefits. The Commission may adopt further reasonable rules and regulations for the purpose of carrying out the purposes of this Section. 10.10 Effect of Extension of the Federal Social Security Act. If the Federal Social Security Act is extended to include municipal employees, the Commission shall have power to reduce pro tanto the Contributions of Participants and the amounts of the retirement benefits to which they may become entitled under the Plan; provided that no reduction shall be made in the amount of the retirement benefits paid to any such Participant already retired prior to the effective date that the Federal Social Security Act is extended to include municipal employees. Attachment number 1 Page 38 of 39 Item # 52 LEGAL_US_E # 70626292.5 35 IN WITNESS WHEREOF, the City has caused this amended Plan to be duly executed as of the ____ day of ___________ 2006, but effective as of the dates set forth herein. AUGUSTA GEORGIA, AS SUCCESSOR TO THE CITY COUNCIL OF AUGUSTA ATTEST: ____________________________ By: (Seal) Mayor Clerk AUGUSTA GEORGIA, AS SUCCESSOR TO THE CITY COUNCIL OF AUGUSTA Mayor This Ordinance shall be effective as of the dates set forth herein. All ordinances and parts of Ordinances in conflict with the provisions of this Ordinance are hereby repealed. APPROVED AND ENACTED by the Augusta-Richmond County Commission, on the ______ day of ______________ 2006. Mayor ATTEST: Clerk Attachment number 1 Page 39 of 39 Item # 52 CommissionMeetingAgenda 6/19/20072:00PM 1977PensionOrdinanceFundamendedandRestated Department: caption2:AnordinancetoamendandrestateOrdinanceNumber 6655, the"1977RichmondEmployeesPensionFund",herein after referredtoasthe"Plan"andamendmentstheretot ocomply withtheInternalRevenueServiceLawsandRegulati ons;to repealanyordinancesorpartsofordinancesincon flictwith thisordinance. Background: The1977"RetirementPlanforEmployeesofRichmond County",(hereinafterreferredtoasthe"Plan"was most recentlyadoptedbyOrdinanceNo.6655onFebruary 20, 2002,effectiveJanuary1,1997,soastoconformt hePlan withrelevantprovisionsofFederalLawstoinclude TheTax EquityandFiscalResponsibilityActof1982,theD eficit ReductionActof1984,theRetirementEquityActof 1984, theTaxReformActof1986,theOmnibusBudget ReconciliationActof1986,TheOmnibusReconciliat ionAct of1987,theTechnicalandMiscellaneousRevenueAc tof 1988,theOmnibusBudgetReconciliationActof1989 and otherapplicablelaws.Ithasbeenreviewedbythe Employees'BenefitsCounselandsubmittedtotheIn ternal RevenueService.TheCityhasreceivedafavorable determinationletteronitssubmissionprovidedthe ordinanceisre-adoptedincludingapprovedamendmen tsto reflectchangesinthetaxlaws.Thechangeswerem ade byCounsel.Theauthoritytoamendtheoriginalord inance havingbeengrantedbyO.C.G.A.Section36-35-3,pr oviding forhomerulebymunicipalitiesandtheConstitutio nofthe StateofGeorgiaprovidingforhomerulebycountie s.The publicwasfurthernotifiedthatacopyoftheprop osed OrdinancewasfiledwiththeClerkoftheSuperior Courtof RichmondCounty,Georgia,forpublicexaminationan d inspection,andcopiesofsamewereavailablewitht heClerk ofCommissionforanymemberofthepublic.Partici pation inthePlanwasfrozeneffectiveasofApril30,19 98, Cover Memo Item # 53 meaningthatthePlanonlycoversemployeeshiredo nor beforeApril30,1998andnoemployeesafterthatd ateare eligibletoparticipateinthePlan. Analysis:ItisnecessaryfortheAugusta-RichmondCommission to amendandrestatesaidordinanceinpreparationfor re- openingsaidpensionplanfornewparticipantstoj oin.Itis theCounty'sintentiontofullyhonorallbenefits andrights thatPlanparticipantshaveaccruedunderthePlan priortoits restatement.ThePlanshallbeadministeredandcon strued accordingly,andthePlan'sAdministratorshallcon strueand interpreteveryprovisionofthePlan'srestatement ina mannerthatpreserveseachPlanParticipant'sbenef itsorright accrued.Nevertheless,anyParticipantwhomthe Commissiondoesnotclassifyasanemployeeonora fter January1,2006shallhavehisbenefitsandrights determined undertheprovisionsofthePlanthatwereineffec twhenthe CommissionlastclassifiedhimorherasanEmploye e. FinancialImpact:N/A Alternatives:None Recommendation:AmendandRestateOrdinanceNumber6655,the1977 RichmondEmployeesPensionFundandanyamendments thereaftertocomplywiththeInternalRevenueServ ice. Fundsare Availableinthe Following Accounts: N/A REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 53 LEGAL_US_E # 70727833.4 DRAFT (11/21/2006) ORDINANCE NO. ________ AN ORDINANCE TO AMEND AND RESTATE ORDINANCE NUMBER 6655, THE RICHMOND EMPLOYEES PENSION FUND; ADOPTED ______________________; TO PROVIDE FOR SEVERABILITY; TO REPEAL CONFLICTING ORDINANCES AND FOR OTHER PURPOSES. RETIREMENT PLAN FOR EMPLOYEES OF RICHMOND COUNTY As Amended and Restated Effective January 1, 1984 (Except as Otherwise Provided Herein) Attachment number 1 Page 1 of 42 Item # 53 TABLE OF CONTENTS PAGE LEGAL_US_E # 70727833.4 INTRODUCTION..........................................................................................................................1 SECTION 1 DEFINITIONS.................................................................................................3 1.01 Accrued Benefit......................................................................................................3 1.02 Actuarial Equivalent...............................................................................................3 1.03 Average Earnings...................................................................................................3 1.04 Beneficiary.............................................................................................................3 1.05 Board......................................................................................................................3 1.06 Break in Service.....................................................................................................4 1.07 Code. ....................................................................................................................4 1.08 Contributions..........................................................................................................4 1.09 Credited Service.....................................................................................................4 1.10 Earnings..................................................................................................................5 1.11 Effective Date. ......................................................................................................5 1.12 Eligibility Service...................................................................................................6 1.13 Employee................................................................................................................6 1.14 Employer or County...............................................................................................7 1.15 Fund........................................................................................................................7 1.16 Interest....................................................................................................................7 1.17 Joint Annuitant.......................................................................................................7 1.18 Old Plan..................................................................................................................7 1.19 Participant...............................................................................................................7 1.20 Participation Date...................................................................................................7 1.21 Payee......................................................................................................................7 1.22 Plan.........................................................................................................................7 1.23 Plan Year................................................................................................................7 1.24 Trust Agreement or Trust.......................................................................................7 1.25 Trustee....................................................................................................................7 SECTION 2 ELIGIBILITY AND PARTICIPATION .........................................................7 2.01 Eligibility. ..............................................................................................................7 2.02 Participation. .........................................................................................................8 2.03 Special Rules for Pre-1997.....................................................................................9 SECTION 3 RETIREMENT DATES AND BENEFITS.....................................................9 Attachment number 1 Page 2 of 42 Item # 53 LEGAL_US_E # 70727833.4 ii 3.01 Normal Retirement. ..............................................................................................9 3.02 Early Retirement. .................................................................................................9 3.03 Disability Retirement...........................................................................................10 3.04 Delayed Retirement. ...........................................................................................13 3.05 Enhanced Early Retirement for 1996. ................................................................14 3.06 Vesting and Termination of Employment............................................................15 3.07 Cost of Living Adjustment of Benefits................................................................15 3.08 Payment of Small Benefits. ................................................................................16 3.09 Required Distribution Rules Effective January 1, 1987 Through December 31, 2002................................................................................................................16 3.10 Required Distribution Rules Effective January 1, 2003.......................................17 3.11 Code Section 415 Limit. .....................................................................................22 3.12 Rollover Distributions..........................................................................................24 SECTION 4 DEATH BENEFITS.......................................................................................25 4.01 Death Prior to Retirement. ...................................................................................25 4.02 Death After Retirement. .....................................................................................26 4.03 Adjusted Benefit. ................................................................................................26 4.04 Designation of Beneficiaries. .............................................................................26 SECTION 5 OPTIONAL FORMS OF RETIREMENT INCOME....................................27 5.01 Election of Optional Retirement Benefits. .........................................................27 5.02 Description of Options. ......................................................................................27 5.03 Joint Annuitant or Beneficiary.............................................................................28 5.04 Cancellation of Election. ....................................................................................28 SECTION 6 CONTRIBUTIONS........................................................................................28 6.01 County Contributions. ........................................................................................28 6.02 Participant Contributions. ...................................................................................28 SECTION 7 ADMINISTRATION OF PLAN....................................................................29 7.01 Administration. ...................................................................................................29 SECTION 8 TRUST FUND AND TRUSTEES.................................................................30 8.01 Trust Fund. .........................................................................................................30 8.02 Amendment of Trust. .........................................................................................31 8.03 Discontinuance of Trust and Vesting. ................................................................31 8.04 Powers of Trustee. ..............................................................................................31 Attachment number 1 Page 3 of 42 Item # 53 LEGAL_US_E # 70727833.4 iii 8.05 Investment of Fund...............................................................................................32 8.06 Taxation. .............................................................................................................33 8.07 Resignation of Trustee. ......................................................................................33 8.08 Successor Trustees. ............................................................................................33 8.09 Liability of Trustee. ............................................................................................33 8.10 Disbursements. ...................................................................................................33 SECTION 9 AMENDMENT AND TERMINATION .......................................................34 9.01 Amendment of the Plan. .....................................................................................34 9.02 Termination of the Plan. .....................................................................................34 SECTION 10 MISCELLANEOUS.......................................................................................36 10.01 Headings. ............................................................................................................36 10.02 Construction. ......................................................................................................36 10.03 Nonalienation. ....................................................................................................36 10.04 Legally Incompetent. ..........................................................................................36 10.05 Benefits Supported Only By Fund. ....................................................................36 10.06 Discrimination. ...................................................................................................36 10.07 Limitation of Liability; Legal Actions. ..............................................................36 10.08 Claims. ................................................................................................................37 10.09 Forfeitures. .........................................................................................................37 Attachment number 1 Page 4 of 42 Item # 53 LEGAL_US_E # 70727833.4 1 RETIREMENT PLAN FOR EMPLOYEES OF RICHMOND COUNTY INTRODUCTION Effective January 1, 1977, the Board of Commissioners of Richmond County (hereinafter referred to as the “Board”) established the “Retirement Plan for Employees of Richmond County,” hereinafter referred to as the “Plan.” The establishment of the Plan stems from the desire of the Board to facilitate a retirement program for certain employees of the County not presently covered under another retirement or pension plan to which the County contributes, or not covered under the Social Security Act. Participation in the Plan was frozen effective as of April 30, 1998, meaning that the Plan only covers Employees hired on or before April 30, 1998 and no Employees hired after that date are eligible to participate in the Plan. On ___________ ___, 2006, the Augusta-Richmond County Commission, as successor to the City Council of Augusta, approved this restatement of the Plan effective January 1, 1984 (except as otherwise provided herein) so as to conform the Plan with relevant provisions of the following federal laws: the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”), the Deficit Reduction Act of 1984 (“DEFRA”), the Retirement Equity Act of 1984 (“REA”), the Tax Reform Act of 1986, the Omnibus Budget Reconciliation Act of 1986, the Omnibus Budget Reconciliation Act of 1987, the Technical and Miscellaneous Revenue Act of 1988, the Omnibus Budget Reconciliation Act of 1989, the Omnibus Budget Reconciliation Act of 1990 (collectively referred to as “TRA’86”), the Unemployment Compensation Amendments of 1992 (“UCA’92”), the Omnibus Budget Reconciliation Act of 1993 (“OBRA’93”), the Uruguay Round Agreements Act (“GATT”), the Uniformed Services Employment and Reemployment Rights Act of 1994 (“USERRA”), the Small Business Job Protection Act of 1996 (“SBJPA”), the Taxpayer Protection Act of 1997 (“TRA’97”), the Internal Revenue Service Restructuring and Reform Act of 1998 (“RRA’98”), and the Community Renewal Tax Relief Act of 2000 (“CRA” and together with GATT, USERRA, SBJPA, TRA ‘97, and RRA ‘98 are referred to as “GUST”) and certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), with such EGTRRA amendments being made as good faith compliance with the requirements of EGTRRA, to be construed in accordance with EGTRRA and guidance issued thereunder. The Plan also provides an option for present members of the Richmond County Pension Plan (the “Old Plan”) to become Participants in this Plan. Provisions for such employees electing coverage hereunder are described in Section 2. The Plan will be administered by the Board as described in Section 7. All benefits to be provided under the Plan will be funded under a trust established in accordance with Section 8. It is the County’s intention to fully honor all benefits and rights that Plan Participants have accrued under the Plan prior to this restatement. The Plan shall be administered and construed accordingly, and the Plan’s administrator shall construe and interpret every provision of the Plan’s restatement in a manner that preserves each Plan Participant’s benefits or rights that accrued prior to ___________ ___, 2006. Nevertheless, any Participant whom the Commission does not classify as an Employee on or after January 1, 2006 shall have his benefits and rights Attachment number 1 Page 5 of 42 Item # 53 LEGAL_US_E # 70727833.4 2 determined under the provisions of the Plan that were in effect when the Commission last classified him or her as an Employee. Attachment number 1 Page 6 of 42 Item # 53 LEGAL_US_E # 70727833.4 3 SECTION 1 DEFINITIONS As used herein, unless otherwise defined or required by the context, the following words and phrases shall have the meanings indicated: 1.01 Accrued Benefit. The retirement benefit which the Participant has earned as of the date of determination, calculated under Subsection 3.01(b) on the basis of his Average Earnings and Credited Service, which is payable as of his Normal Retirement Date in the form of a life annuity, with a guarantee of the refund of Contributions with Interest for the Participant who dies before receiving an amount of benefit payments that at least equal his Contributions with Interest. 1.02 Actuarial Equivalent. (a) A benefit of equal value computed on the basis of (i) the 1971 Group Annuity Mortality Table, and (ii) interest at 6% compounded annually for forms of payment other than lump sum; the interest rate used to determine the equivalent lump sum value of monthly benefits will be in the PBGC schedule of immediate and graded deferred rates in effect on the first day of the Plan Year in which the benefit is calculated. (b) Effective January 1, 1995, the table referenced in clause (i) of subsection (a) shall be a mortality table based on a fixed blend of 50% of the male mortality rates and 50% the female mortality rates from the 83 GAM table, 83 GAM Unisex, as provided under Revenue Ruling 95-6. (c) Effective with respect to annuity starting dates on or after December 31, 2002, the table referenced in clause (i) of subsection (a) shall be a mortality table based upon a fixed blend of 50% of the unloaded male mortality rates and 50% of the unloaded female mortality rates underlying the mortality rates in the 1994 Group Annuity Reserving Table, projected to 2002, 94 GAR, as provided under Revenue Ruling 2001-62. 1.03 Average Earnings. The monthly average of the Participant’s earnings for the five consecutive calendar years immediately preceding the earlier to occur of (a) the date on which the Participant’s employment with the employer terminates for any reason or (b) the Participant’s actual retirement date. Average Earnings shall be determined by dividing the total Earnings received by the Participant during the appropriate five year period, or lesser number of years if applicable, by the number of months for which he received earnings in such period. 1.04 Beneficiary. The person(s) designated by the Participant in accordance with Section 4.04 who is entitled to receive benefits at the death of a Participant under Section 4 or 5. 1.05 Board. The Augusta-Richmond County Commission as successor to the Board of Commissioners of Richmond County, which shall act in the dual capacity of administrator of the Plan and Trustee of the Fund. Attachment number 1 Page 7 of 42 Item # 53 LEGAL_US_E # 70727833.4 4 1.06 Break in Service. A continuous period of at least 12 consecutive months during which an individual is not employed by the County. Such period begins on the date of an individual’s termination of employment for any reason, or, if earlier, the 12 month anniversary of the date on which the individual ceases to accrue Credited Service. In the case of an individual who is absent from work for maternity or paternity reasons, the 12-consecutive month period beginning on the first anniversary of the first date of such absence shall not constitute a Break in Service. For purposes of this paragraph, an absence from work for maternity or paternity reasons means an absence (1) by reason of the pregnancy of the individual, (2) by reason of the birth of a child of the individual, (3) by reason of the placement of a child with the individual in connection with the adoption of such child by such individual, or (4) for purposes of caring for such child for a period beginning immediately following such birth or placement. 1.07 Code. The Internal Revenue Code of 1986 as amended from time to time, and regulations, rulings, and other publications under the Code. 1.08 Contributions. The payments made by the Participants to the Fund in accordance with Section 6. 1.09 Credited Service. (a) For Employees hired before January 1, 1993, the number of years of uninterrupted and continuous employment (completed months expressed as a fractional year) of the Employee with the Employer from (a) the later of the date he last entered the employment of the Employer and January 1, 1977, to (b) the earlier of his date of termination of employment for any reason or his actual retirement date, excluding any period during which the Employee fails to comply with the provision of Section 2.02 for participation after the date he is first eligible unless he purchases such service pursuant to Section 2 below. (b) For Employees hired after December 31, 1992, Credited Service will not begin until the Participation Date and will continue until the earlier of his date of termination of employment for any reason or his actual retirement date. The Employee will not be permitted to purchase Credited Service to cover his period of Eligibility Service. (c) Credited Service will not be interrupted by: (1) vacation, or approved leave of absence authorized by the Employer in accordance with a uniform policy applied on a nondiscriminatory basis to all Employees similarly situated; (2) voluntary or involuntary service in the Armed Forces of the United States, provided the Employee retains statutory reemployment rights under applicable state or federal law, and resumes employment after his honorable discharge from military duty within the time required by such law; (3) reelection or reappointment at the end of a term; or (4) periods during which the Employee incurs a Total and Permanent Disability within the meaning of Section 3.03, provided that he recovers from a Total Attachment number 1 Page 8 of 42 Item # 53 LEGAL_US_E # 70727833.4 5 and Permanent Disability and is reemployed by the Employer as required under Section 3.03(a)(7) or 3.03(b)(4). (d) For benefit purposes, no Participant will receive any credit for any period of inactive employment. For vesting purposes, the Employee who has one or more Break in Service will receive credit only from his most recent date of reemployment. (e) Effective December 12, 1994, notwithstanding anything in the Plan to the contrary, contributions, benefits, and service credited with respect to qualified military service shall be provided in accordance with Section 414(u) of the Code. 1.10 Earnings. (a) The total compensation paid to the Participant by the Employer during any Plan Year, as reported on his Form W-2, including any pre-tax Employee Contributions made under this Plan. Effective as of January 1, 1998, the term “Earnings” shall also include any elective deferral (within the meaning of Code Section 402(g)(3)) and any amounts that are deferred by the Employer at the election of the Employee that are not included in the Employee’s gross income pursuant to Code Section 125 or 457. Effective January 1, 2001, Earnings shall also include elective amounts that are not includable in the Employee’s gross income by reason of Code Section 132(f)(4). With respect to Plan Years from January 1, 1989 through December 31, 1996, the rules of Code Section 414(q)(6) shall apply in determining a Participant’s Earnings, except that the term “family” includes only the Participant’s spouse and any lineal descendants who have not attained age 19 before the end of the Plan Year. (b) Effective January 1, 2006, a Participant’s Earnings shall be disregarded to the extent such Earnings exceed $220,000, as such amount may be adjusted from time to time for increases in the cost of living in accordance with the Code and regulations thereunder. With respect to Plan Years from January 1, 2005 through December 31, 2005, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$210,000”. With respect to Plan Years from January 1, 2004 through December 31, 2004, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$205,000”. With respect to Plan Years from January 1, 2002 through December 31, 2003, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$200,000”. With respect to Plan Years from January 1, 2001 through December 31, 2001, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$170,000”. With respect to Plan Years from January 1, 1994 through December 31, 2000, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$150,000”. With respect to Plan Years from January 1, 1989 through December 31, 1993, “$220,000” in the first sentence of this Section 1.14(b) shall be replaced with “$200,000”. With respect to Plan Years from January 1, 1976 through December 31, 1983, “$220,000” in the first sentence of this subsection (b) shall be replaced with “$100,000”. 1.11 Effective Date. For purposes of this Plan as restated, except as otherwise set forth herein, the “Effective Date” shall be January 1, 1984. The Plan was originally established effective January 1, 1977. Attachment number 1 Page 9 of 42 Item # 53 LEGAL_US_E # 70727833.4 6 1.12 Eligibility Service. The period between the first day of employment and the first day of the month on or after the date when the Employee has completed 90 days of employment. 1.13 Employee. Any person regularly employed by the County, any employee, officer, appointee, or electee of the Board as now constituted or hereafter constituted, and any employee, officer, appointee, or electee under any official of the County as now constituted or hereafter constituted, who is elected by vote of the electorate, including employees of the Department of Family and Children Services who are eligible for coverage under the Richmond County Personnel Board, but excluding: (a) any person covered under the provision of the Old Plan, except those members of said plan who elect to participate in this Plan in accordance with Section 2; (b) any person whose customary employment is for less than 30 hours a week or an aggregate of less than six months in any calendar year; (c) employees of the Richmond County Department of Health and Department of Family and Children Services of Richmond County (except those employees eligible for coverage under the County’s Personnel Board) and Augusta-Richmond County Public Library; (d) the County Agent, County Home Demonstration Agent, and the employees thereof; (e) officers of the County elected by vote of the electorate; and (f) effective as of January 1, 1987, any “Leased Employee.” “Leased Employee” means any person (other than a regular employee of the County) who pursuant to an agreement between the Employer and any other person (“Leasing Organization”) has performed services for the Employer (or for the Employer and related persons determined in accordance with Section 414(n)(6) of the Code) on a substantially full-time basis for a period of at least one year, and such services are performed under the primary direction or control of the Employer; provided that the control test does not apply to relationships that have been determined by the Internal Revenue Service, before August 20, 1996, to not involve Leased Employees. Contributions or benefits provided a Leased Employee by the Leasing Organization which are attributable to services performed for the Employer shall be treated as provided by the Employer. Notwithstanding the foregoing, a Leased Employee shall not be considered an Employee of the Employer if: (i) such employee is covered by a money purchase pension plan providing: (1) a nonintegrated employer contribution rate of at least 10 percent of compensation, as defined in Section 415(c)(3) of the Code, but including amounts contributed pursuant to a salary reduction agreement which are excludable from the employee’s gross income under Section 125, Section 402(a)(8), Section 402(h) or Section 403(b) of the Code, (2) immediate participation, and (3) full and immediate vesting; and (ii) leased employees do not constitute more than 20 percent of the Employer’s employees that are not “highly compensated” as such term is defined in Code Section 414(q) based on the current Plan Year. Attachment number 1 Page 10 of 42 Item # 53 LEGAL_US_E # 70727833.4 7 1.14 Employer or County. Augusta, Georgia, as successor through its consolidation with the Richmond-County Board of Commissioners. 1.15 Fund. The trust fund created in accordance with the Plan and Trust. 1.16 Interest. Interest credited on Participant Contributions from the January 1 next following the date of which such Contributions are made to the earlier of (a) the date of termination of employment for any reason and (b) the Participant’s Normal Retirement Date, with such interest compounded annually at the rate of 5% per annum. 1.17 Joint Annuitant. The person designated by the Participant to receive payments after the death of the Participant as provided under Option A or B in accordance with Section 5.02. 1.18 Old Plan. The Richmond County Pension Plan, established March 1, 1945, for certain employees of the County, which plan is currently in existence. 1.19 Participant. An Employee who becomes eligible to participate in the Plan as provided in Section 2. 1.20 Participation Date. The date when the Employee has completed his Eligibility Service and begins to participate in this Plan. 1.21 Payee. The Beneficiary or Joint Annuitant designated by the Participant in accordance with Section 1.04 or 1.17 to receive benefits under the Plan after the Participant’s death. 1.22 Plan. The Retirement Plan for Employees of Richmond County as contained herein and all amendments thereto which may hereafter be made. The Plan shall include the Trust as hereinafter defined. 1.23 Plan Year. The twelve month period ending December 31 of each year. 1.24 Trust Agreement or Trust. The agreement of trust between the Board, in its capacity as the governing body of the Employer and the Board, in its capacity as Trustee, which shall govern the continuation and maintenance of the trust fund, and all amendments thereto. 1.25 Trustee. The Board in its capacity as trustee, or any substitute or successor trustee hereafter appointed. SECTION 2 ELIGIBILITY AND PARTICIPATION 2.01 Eligibility. Attachment number 1 Page 11 of 42 Item # 53 LEGAL_US_E # 70727833.4 8 (a) Each Employee, as such term is defined in Section 1.13, in the employ by the County shall be eligible to become a Participant in the Plan as of the later of (i) January 1, 1977 or (ii) his date of employment. (b) Any member of the Old Plan may elect to become a Participant in this Plan in accordance with the following procedure: (1) each member of the Old Plan shall have the option to become a Participant in this Plan not later than April 1, 1977; (2) the Board shall provide an explanation of the benefits payable to each such member of the Old Plan under the combination of employee benefit plans or programs, including the Old Plan, this Plan and Social Security, and an explanation of the requirement that past service and benefits accrued under the Old Plan must be waived by the member. (3) after the explanation referred to in (2) above, the member of the Old Plan shall be given 30 days to accept or reject the election to become a Participant in this Plan. If the member of the Old Plan does not elect to become a Participant under the Plan he shall thereafter be precluded from participation herein for the duration of his employment with the County unless, at some future date, the Board should reopen participation in the Plan to such members. 2.02 Participation. (a) Each Employee hired (or rehired) on or after January 1, 1993, will automatically become a Participant on his Participation Date. (b) Each Employee hired on or before December 31, 1992, and each member of the Old Plan who is eligible to become a Participant under Section 2.01, will become a Participant by meeting the following requirements: (1) The Employee must authorize the County in writing to deduct from his Earnings the Contributions required from him under Section 6.02(a). (2) The Employee must file with the Board, on a properly completed form provided by the Board, (a) all required information, (b) a statement of the Employee’s acceptance of the terms and conditions of the Plan, and (c) the Employee’s Beneficiary designation. Any such Employee who elects to reenter the Plan after December 31, 1992 will continue to participate until he terminates employment, dies, or retires. (c) A Participant’s Credited Service will not include his period of employment from the date he first became eligible until the date he becomes a Participant. Any Employee who does not become a Participant when first eligible will forfeit all Credited Service to which he would have been entitled under Section 1.09 and will be entitled only to Credited Service accrued from the date he becomes a Participant. Attachment number 1 Page 12 of 42 Item # 53 LEGAL_US_E # 70727833.4 9 (d) Notwithstanding anything to the contrary, the Plan only covers Employees hired on or before April 30, 1998; no one hired after that date is eligible to participate in the Plan. 2.03 Special Rules for Pre-1997. Each Participant whom the Board has not classified as an Employee on or after January 1, 1997, shall have his rights under the Plan determined in accordance with such terms of the Plan in effect on the last day of such classification as an Employee. SECTION 3 RETIREMENT DATES AND BENEFITS 3.01 Normal Retirement. Normal retirement under the Plan is retirement from the employ of the County on the Normal Retirement Date (as defined in paragraph “a” of this Section). In the event of normal retirement, payment of the retirement benefit shall be governed by the following provisions of this Section. (a) Normal Retirement Date. The Normal Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he: (1) attains his 65th birthday; or (2) attains age 62 and completes 25 years of Credited Service. (b) Amount of Retirement Benefit. (1) Basic Benefit. The monthly retirement benefit payable to a Participant who retires on his Normal Retirement Date shall be an amount equal to (a) 1% of the Participant’s Average Earnings multiplied by (b) his Credited Service on and after January 1, 1977. (2) Adjusted Benefit. The monthly retirement benefit payable under paragraph B-(l) above, shall be adjusted by the cost-of-living adjustment as provided in Section 3.07 upon commencement of retirement benefit payments. (c) Payment of Retirement Benefit. The retirement benefit payable in the event of normal retirement shall be payable on the first day of each month. The first payment shall be made on the Participant’s Normal Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to the provision of Section 4.02; provided, however, a Participant may modify the amount and conditions of payment by electing an optional form of payment in accordance with Section 5 before distributions commence. Once distributions commence under the Plan, a Participant may not modify the amount or condition of payment under the Plan, except as required by a qualified domestic relations order described in Section 10.03 or as otherwise required by law. 3.02 Early Retirement. Early retirement under the Plan is retirement from the employ of the County prior to the Normal Retirement Date. Early retirement shall be authorized only in the event that the Participant shall have both attained age 50 and completed at least 15 years of Attachment number 1 Page 13 of 42 Item # 53 LEGAL_US_E # 70727833.4 10 Credited Service. Notwithstanding the foregoing, if a Participant receives an Enhanced Early Retirement benefit under Section 3.05, the Participant will be ineligible for benefits under this Section. In the event of early retirement under this Section, payment of the retirement benefit shall be governed by the following provisions of this Section. (a) Early Retirement Date. The Early Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he retires from the employ of the County under the provision of this Section 3.02. (b) Amount of Retirement Benefit. A Participant at retirement on his Early Retirement Date shall at his option receive either: (1) a deferred monthly retirement benefit commencing on his Normal Retirement Date, provided he is then alive, equal to an amount computed in the same manner as for normal retirement in accordance with Section 3.01-(b), but based on Credited Service and Average Earnings as of his Early Retirement Date; or (2) an immediate monthly retirement commencing on his Early Retirement Date equal to the benefit determined in Section 3.02-(b)(1) above, reduced by 5/12% for each complete month by which the Early Retirement Date of a Participant precedes his Normal Retirement Date. (c) Payment of Retirement Benefit. The monthly retirement benefit payable in the event of early retirement shall be payable on the first day of each month. The first payment shall be made on the date elected by the Participant under Section 3.02-(b)(1) or 3.02- (b)(2) and the last payment shall be the payment due next preceding his date of death, subject to the provision of Section 4.02; provided however, a Participant may modify the amount and conditions of payment by electing an optional form of payment in accordance with Section 5. 3.03 Disability Retirement. (a) Employment connected Disability. A Participant may retire under the Plan if he becomes Totally and Permanently Disabled from a cause arising out of and in the course of employment. Such retirement shall herein be referred to as “Disability Retirement” and payment of the Disability Retirement benefit shall be governed by the following provisions of this Section. (1) Disability Retirement Date. The Disability Retirement Date of a Participant shall be the first day of the month which coincides with or next follows the date the Board approves payment of the disability benefit. (2) Total and Permanent Disability. A Participant shall be considered Totally and Permanently Disabled if, in the opinion of the Board and subject to Section 3.03(a)(3) below, he is wholly prevented from engaging in any substantial gainful activity by reason of a medically determinable physical or mental impairment which can be expected to result in death or to be of long continued and indefinite duration. The decision of the Board on these questions shall be final and binding. Attachment number 1 Page 14 of 42 Item # 53 LEGAL_US_E # 70727833.4 11 (3) Non-Admissible Causes of Disability. Notwithstanding anything in this Section to the contrary, a Participant shall not be entitled to receive any Disability Retirement benefit if the Total and Permanent Disability is a result of any of the following: A. excessive and habitual use by the Participant of drugs or narcotics; B. injury or disease sustained by the Participant while willfully; C. participating in acts of violence, riots, civil insurrections, or while committing a criminal offense; D. injury or disease sustained by the Participant while serving in any armed forces or as the result of warfare; E. injury or disease sustained by the Participant after his employment has terminated; F. injury or disease sustained by the Participant while working for anyone other than the County and directly attributable to such employment; or G. intentional, self-inflicted injury. (4) Proof of Total and Permanent Disability. The Board, before approving payment of any Disability Retirement benefit, shall require proof that the Participant is disabled as herein and such other proof as it may decide, including the certificate of one or more duly licensed physicians selected by the Board, that the Participant is totally and permanently disabled on his Disability Retirement Date within the definition of Total and Permanent Disability under Section 3.03-a(2). (5) Once each year after commencement of Disability Retirement benefits, the Board may similarly require proof of the continued Total and Permanent Disability of the Participant. The decision of the Board on all such questions shall be final and binding. (6) Disability Retirement Benefit. A. Basic Benefit. Effective August 19, 1997, the monthly retirement benefit payable to a Participant on his Disability Retirement Date shall be an amount equal to 50% of his Average Earnings determined as of his Disability Retirement Date, reduced by any monthly payment received under Workmen’s Compensation, or if Workmen’s Compensation is paid in a lump-sum payment, the monthly payments otherwise payable to the Participant under the Plan shall be reduced by an amount which equitably adjusts, as determined by the Board, for the amount to which the Participant is eligible under Workmen’s Compensation. Prior to August 19, 1997, “25%” replaced the “50%” in the first sentence of this section 3.03(a)(5)A. Attachment number 1 Page 15 of 42 Item # 53 LEGAL_US_E # 70727833.4 12 B. Adjusted Benefit. The amount of monthly retirement benefit provided under paragraph (5) (a) above, shall be adjusted by the cost-of-living adjustments as provided in Section 3.07 upon commencement of retirement income payments. (7) Payment of Disability Retirement Benefit. The retirement benefit to which a Participant is entitled in the event of his Total and Permanent Disability shall be payable on the first day of each month. The first payment shall be made on the Participant’s Disability Retirement Date and the last payment shall be the payment due next preceding the earlier of (a) the Participant’s date of death, subject to the provisions of Section 4.02 or (b) the cessation of his Total and Permanent Disability prior to his Normal Retirement Date. (8) Termination of Disability Retirement Benefit. If the Participant’s Total and Permanent Disability ceases prior to his Normal Retirement Date and he does not reenter the employ of the County within 60 days after his recovery, all rights of the Participant in and to a Disability Retirement benefit shall cease and he shall be entitled solely to the benefits, if any, provided in: A. Section 3.02, if he had satisfied the requirements for early retirement as of the date of inception of Total and Permanent Disability, or B. Section 3.05, if he had not satisfied the requirements for early retirement, and C. Either such benefit shall be based on his Credited Service and Average Earnings as of the date of inception of Total and Permanent Disability. If the Participant’s Total and Permanent Disability ceases prior to his Normal Retirement Date and he is re-employed by the County within 60 days following the date such Total and Permanent Disability ceases, his employment will be deemed to have been continuous; provided that the period beginning with the first month for which he received a disability payment and ending with the date of reemployment will not be considered as Credited Service for purposes of the Plan. (b) Non-Employment Connected Disability. If a Participant becomes Totally and Permanently Disabled from a cause (i) not arising out of and in the course of his employment and (ii) other than specified in Section 3.03(a)(3) after the completion of five or more years of Credited Service, he shall be entitled to a disability benefit in accordance with the following provisions of this Section: (1) Disability Date and Proof of Disability. The Disability Retirement Date of a Participant shall be the date defined in Section 3.03-(a)(l). Proof of disability shall be the same as that required in Section 3.03-(a)(4). (2) Disability Benefit. A. Basic Benefit. The monthly retirement benefit payable to a Participant on his Disability Retirement Date shall be an amount equal to 1% of his Average Earnings multiplied by his Credited Service up to his Disability Retirement Date, Attachment number 1 Page 16 of 42 Item # 53 LEGAL_US_E # 70727833.4 13 reduced by any monthly payment received under Workmen’s Compensation, or if Workmen’s Compensation is paid in a lump-sum payment, the monthly payments otherwise payable to the Participant under the Plan shall be reduced by an amount which equitably adjusts, as determined by the Board, for the amount to which the Participant is eligible under Workmen’s Compensation. B. Adjusted Benefit. The amount of monthly retirement income provided under paragraph (2) above, shall be adjusted by the cost-of-living adjustment as provided in Section 3.07 upon commencement of retirement income payments. (3) Payment of Disability Benefit. The monthly retirement benefit to which a Participant is entitled under Section 3.03-(b)(2) in the event of his Total and Permanent Disability shall be payable on the first day of each month. The first payment shall be made as of the Participant’s Disability Retirement Date, and the last payment shall be the payment due next preceding the earlier of: (a) his date of death, subject to the provisions of Section 4.02 or (b) the cessation of his Total and Permanent Disability prior to his Normal Retirement Date. (4) Termination of Disability Benefit. If the Participant’s Total and Permanent Disability ceases prior to his Normal Retirement Date and he does not reenter the employ of the County within 60 days after his recovery, all rights of the Participant in and to a Disability Retirement benefit shall cease and he shall be entitled solely to the benefits provided in: A. Section 3.03, if he had satisfied the requirements for early retirement as of the date of inception of Total and Permanent Disability, or B. Section 3.05, if he had not satisfied the requirements for early retirement, and C. Either such benefit shall be based on his Credited Service and Average Earnings as of the date of inception of Total and Permanent Disability. If the Participant recovers from Total and Permanent Disability prior to his Normal Retirement Date and returns to the employ of the County within 60 days following the date of such recovery, his employment will be deemed to have been continuous; provided that the period beginning with the first month for which he received a disability benefit to the date of reemployment will not be considered as Credited Service for purposes of the Plan. 3.04 Delayed Retirement. Delayed retirement under the Plan is retirement from the employ of the County after the Normal Retirement Date. A Participant may remain in the active employ of the County beyond his Normal Retirement Date only at the request of the Board and for such periods of additional employment as shall be mutually agreed upon; provided that the Plan’s administrator shall not interpret this sentence in a manner that would violate the Age Discrimination in Employment Amendments of 1986, as amended. In the event of delayed retirement, payment of the retirement benefit shall be governed by the following provisions of this Section: Attachment number 1 Page 17 of 42 Item # 53 LEGAL_US_E # 70727833.4 14 (a) Delayed Retirement Date. The Delayed Retirement Date of a Participant shall be the first day of the month coincident with or next following the date he actually retires from the employ of the County after his Normal Retirement Date. (b) Amount of Retirement Benefit. The monthly retirement benefit payable to a Participant who retires on his Delayed Retirement Date shall be an amount computed in the same manner as for normal retirement in accordance with Section 3.01-(b), but based on Credited Service and Average Earnings as of his actual retirement date; provided, however, such amount shall not be less than the monthly benefit the Participant would have received had he retired on his Normal Retirement Date. (c) Payment of Retirement Benefit. The retirement benefit payable in the event of delayed retirement shall be payable on the first day of each month. The first payment shall be made on the Participant’s Delayed Retirement Date and the last payment shall be the payment due next preceding his date of death, subject to the provision of Section 4.02; provided, however, a Participant may modify the amount and conditions of payment by electing an optional form of payment in accordance with Section 5. 3.05 Enhanced Early Retirement for 1996. Participants who have attained, or who will have attained, the age of 50 on or before December 31, 1996, and who have completed 5 years of Credited Service as of July 1, 1996, and who were employed by Augusta-Richmond County on September 3, 1996, may elect to receive retirements benefits under this Section. Such election must be made on a form designated by Augusta-Richmond County between October 1, 1996 and 4:00 p.m. on December 23, 1996. Any Employee electing to retire early pursuant to this Section shall have until 4:00 p.m. on the seventh (7th) day following such election to revoke same. (a) Enhanced Early Retirement Date. The Enhanced Early Retirement Date of a Participant shall be the first day of the month immediately following the date he retires from the employ of the County under the provisions of this Section. (b) Amount of Retirement Benefit. The monthly retirement benefit payable to a Participant who retires on his Enhanced Early Retirement Date shall be an amount equal to: (a) 1% of the Participant’s Average Earnings multiplied by (b) his Credited Service on and after January 1, 1977 plus an additional ten (10) years of service to be added to the years of Credited Service for purposes of computing the amount of the retirement benefit, up to a maximum of one hundred percent (100%) of Average Earnings for the Participant’s high three (3) years of Earnings, any contrary provision of this Section notwithstanding. The amount of the monthly Enhanced Retirement Benefit shall not be reduced for any month or time period by which the Enhanced Early Retirement Date of a Participant precedes his Normal Retirement Date, notwithstanding any other provision of this the Plan. (c) Prerequisite for Electing Early Retirement. Any Participant electing Enhanced Early Retirement shall be required to execute a covenant not to sue in favor of Richmond County, Georgia and Augusta-Richmond County, Georgia and its officials, agents, and employees for any and all claims arising out of such Employee’s employment by Richmond County, Georgia and/or Augusta-Richmond County, Georgia, and agreeing not to seek or accept any further employment by Augusta-Richmond County, or its Constitutional and elected Attachment number 1 Page 18 of 42 Item # 53 LEGAL_US_E # 70727833.4 15 officials. This Section shall not be construed as prohibiting any such person from seeking any elective position by the State of Georgia or Augusta-Richmond County. 3.06 Vesting and Termination of Employment. (a) Participant, other than a department head appointed as such by Richmond County, who terminates employment with the County before completing 5 years of Credited Service, for any reason other than death or retirement, will receive a lump-sum cash amount equal to the total of his Contributions with interest, payable within 60 days after his date of termination. (b) A Participant, other than a department head appointed as such by Richmond County, who terminates employment with the County for any reason other than death or early retirement, after the completion of at least 5 years of Credited Service will receive a deferred retirement benefit beginning on his Normal Retirement Date, provided he is then alive, equal to the monthly benefit computed in the same manner as for normal retirement under Section 3.01(b)(l). (c) A Participant who is appointed a department head by Richmond County and who terminates employment with the County for any reason other than death or early retirement will receive a deferred retirement benefit beginning on his Normal Retirement Date, provided he is then alive, equal to the monthly benefit computed in the same manner as for normal retirement under Section 3.01(b)(1). (d) Notwithstanding anything in the Plan to the contrary, upon approval from the Commission, which approval shall not be unreasonably withheld, a Participant or Beneficiary who is entitled to receive benefits under the Plan shall be entitled to receive a lump sum payment of the Participant’s Contributions with Interest in lieu of receiving benefits under the Plan; provided that such election must be made within 4 years after the Participant terminates employment and before the Participant or Beneficiary is otherwise entitled to benefits under the Plan. 3.07 Cost of Living Adjustment of Benefits. (a) Definition of Terms Used in This Section. (1) “Current Cost-of-Living Index” means the average of the monthly Consumer Price Index for the 12 month period ending December 31 each year as determined by the Bureau of Labor Statistics of the United States Department of Labor for all items and major groups, United States city average. (2) “Participant Base Index” for any Participant who dies or retires under the provisions of the Plan an or after January 1, 1977, means the average of the Consumer Price Index for the 12 month period ending prior to the date of death or retirement. In the event the base year used in computing the monthly Consumer Price Index should be changed by the Bureau of Labor Statistics, the Board, with the advice of the Plan actuary, shall adjust the Participant Base Index of each retired Participant with benefit payments commencing during the Attachment number 1 Page 19 of 42 Item # 53 LEGAL_US_E # 70727833.4 16 first year in which such change was made so as to effect the original intent of this Section in an equitable manner. (3) “Adjusted Participant Index” means the Participant Base Index adjusted for all percentage adjustments made in benefits prior to the current Annual Adjustment Date. (4) “Annual Adjustment Date” means March 1 of each year commencing March 1, 1977 as to any Participant who dies or retires on or after January 1, 1977. (b) Annual Adjustment. The Board shall ascertain the Current Cost-of-Living Index as of January 1 each year and the benefits being paid under Sections 3, 4, or 5 to any Participants, Beneficiary, or Joint Annuitant, as previously adjusted under this Section, shall be further adjusted as of the Annual Adjustment Date as follows: (1) If the Current Cost-of-Living Index is more than 100% of the Adjusted Participant Index, the benefit shall be increased by a percentage equal to the difference between: (a) the percentage representing the Current Cost-of-Living Index divided by the Adjusted Participant Index and (b) 100%. (2) If the Current Cost-of-Living Index is less than 100% of the Adjusted Participant Index, the benefit shall remain unchanged. (3) Notwithstanding the foregoing provisions of this Section, no increase in the amount of the monthly retirement benefit due to changes in the Current Cost-of-Living Index, effective at any Annual Adjustment Date, shall be in excess of 5% of the amount of the monthly retirement benefit payable immediately prior to such date. 3.08 Payment of Small Benefits. If a Participant’s monthly benefit payable under any provision of Section 3 is less than $20 per month, the actuarially determined equivalent of such monthly benefit may be paid in a single-sum cash settlement. 3.09 Required Distribution Rules Effective January 1, 1987 Through December 31, 2002. (a) Payment to the Participant. (1) Any other provision of the Plan notwithstanding, the Plan will cash-out each Participant’s Accrued Benefit, or will begin annuity payments, no later than the April 1 following the calendar year in which he retires, or the later calendar year in which he reaches age 70½. (2) The Plan will pay the Accrued Benefit over a period not extending beyond the Participant’s lifetime or life expectancy, or over a period not extending beyond the joint and last survivor life expectancies of the Participant and his spouse or other beneficiary, using age(s) attained as of the end of the calendar year in which the Participant retires (or reaches age 70½ if later), and the Accrued Benefit as of that date. However, if the beneficiary of a joint and survivor annuity form of payment is not the spouse and is more than 10 years younger than the Participant, payments to the beneficiary will not exceed the applicable Attachment number 1 Page 20 of 42 Item # 53 LEGAL_US_E # 70727833.4 17 percentage of the Participant’s benefit payments required by the incidental benefit rule. The Commission will not recalculate the life expectancy(s). (b) Participant’s Death After Benefits Begin. If the Participant dies after his payments have begun in a survivor annuity form, the Commission will pay the survivor benefits at least as rapidly as under the form of annuity in effect before his death. (c) Participant’s Death Before Benefits Begin. If the Participant dies before his payments have begun, the Commission will pay his entire Accrued Benefit no later than December 31 of the calendar year which contains the fifth anniversary of his death. However, this five-year rule will not apply if the primary Beneficiary is an individual and circumstances permit the Commission to use the exception described below. (1) Surviving Spouse as Primary Beneficiary. If the Participant’s surviving spouse is the Beneficiary, the Commission will begin payments not later than the end of the calendar year during which the Participant would have reached age 70½, and will continue payments over a period not extending beyond the Participant’s spouse’s life expectancy, using age attained as of that date and not recalculated. (2) Non-Spouse Primary Beneficiary. If the Beneficiary is an individual other than the Participant’s spouse, the Commission will begin payments not later than the last day of the calendar year following the year in which the Participant’s death occurs, and will continue payments over a period not extending beyond the Beneficiary’s life, or life expectancy determined as of that date and not recalculated. If the Beneficiary dies before receiving 120 payments under the ten years certain and life annuity described in Section 5.02, the Commission will continue to use the primary Beneficiary’s life expectancy for purposes of making payments to an individual contingent Beneficiary. (d) Compliance with Code Section 401(a)(9). Effective January 1, 1987, it is the intent of the Commission that this Section provide that the beginning dates and payment periods of benefits payable to each Participant and Beneficiary will be within the limitations permitted under Code Section 401(a)(9), as in effect from time to time, and the proposed regulations under Code Section 401(a)(9) published in the Federal Register on July 27, 1987, 52 FR 28070. If there is any discrepancy between this Section 3.09 and Code Section 401(a) (9) and its associated regulations, that Code Section and regulations will prevail. 3.10 Required Distribution Rules Effective January 1, 2003. (a) General Rules. (1) Precedence. The requirements of this article will take precedence over any inconsistent provisions of the Plan. (2) Requirements of Treasury Regulations Incorporated. All distributions required under this Section 3.10 will be determined and made in accordance with the Treasury regulations under Section 401(a)(9) of the Internal Revenue Code. Attachment number 1 Page 21 of 42 Item # 53 LEGAL_US_E # 70727833.4 18 (b) Time and Manner of Distribution. (1) Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the participant’s Required Beginning Date. (2) Death of a Participant Before Distributions Begin. If the Participant dies before the distributions begin, the Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: A. If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, then distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later. B. If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, then distributions to the Designated Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. C. If there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. D. If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the surviving spouse begin, this Section 3.10(b)(2), other than section 3.10(b)(2)A., will apply as if the surviving spouse were the participant. For purposes of this section 3.10(b)(2) and section 3.10(e), distributions are considered to begin on the Participant’s Required Beginning Date (or, if section 3.10(b)(2)D. applies, the date distributions are required to begin to the surviving spouse under section 3.10(b)(2)A.). If annuity payments irrevocably commence to the Participant before the Participant’s Required Beginning Date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under section 3.10(b)(2)A.), the date distributions are considered to begin is the date distributions actually commence. (3) Form of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the Required Beginning Date, as of the first distribution calendar year distributions will be made in accordance with Sections 3.09(c), 3.09(d) and 3.09(e) hereof. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Code Section 401(a)(9) and the Treasury regulations. Any part of the Participant’s interest which is in the form of an individual account described in Code Section 414(k)will be distributed in a manner satisfying the requirements of Code Section 401(a)(9) and the Treasury regulations that apply to individual accounts. Attachment number 1 Page 22 of 42 Item # 53 LEGAL_US_E # 70727833.4 19 (c) Determination of Amount to be Distributed Each Year. (1) General Annuity Requirements. If the Participant’s interest is paid in the form of annuity distributions under the Plan, payments under the annuity will satisfy the following requirements: A. the annuity distributions will be paid in periodic payments made at intervals not longer than one year; B. the distribution period will be over a life (or lives) or over a period certain not longer than the period described in section 4 or 5; C. once payments have begun over a period certain, the period certain will not be changed even if the period certain is shorter than the maximum permitted; D. payments will either be nonincreasing or increase only as follows: (i) by an annual percentage increase that does not exceed the annual percentage increase in a cost-of-living index that is based on prices of all items and issued by the Bureau of Labor Statistics; (ii) to the extent of the reduction in the amount of the participant’s payments to provide for a survivor benefit upon death, but only if the beneficiary whose life was being used to determine the distribution period described in section 4 dies or is no longer the participant’s beneficiary pursuant to a qualified domestic relations order within the meaning of section 414(p); (iii) to provide cash refunds of employee contributions upon the participant’s death; or (iv) to pay increased benefits that result from a plan amendment. (2) Amount Required to be Distributed by Required Beginning Date. The amount that must be distributed on or before the Participant’s Required Beginning Date (or, if the participant dies before distributions begin, the date distributions are required to begin under section 3.10(b)(2)A. or 3.10(b)(2)B.) is the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Payment intervals are the periods for which payments are received, e.g., bi-monthly, monthly, semi-annually, or annually. All of the Participant’s benefit accruals as of the last day of the first distribution calendar year will be included in the calculation of the amount of the annuity payments for payment intervals ending on or after the Participant’s Required Beginning Date. Attachment number 1 Page 23 of 42 Item # 53 LEGAL_US_E # 70727833.4 20 (3) Additional Accruals After First Distribution Calendar Year. Any additional benefits accruing to the Participant in a calendar year after the first distribution calendar year will be distributed beginning with the first payment interval ending in the calendar year immediately following the calendar year in which such amount accrues. (d) Requirements for Annuity Distributions that Commence During Participant’s Lifetime. (1) Joint Life Annuities Where the Beneficiary is Not the Participant’s Spouse. If the Participant’s interest is being distributed in the form of a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s Required Beginning Date to the Designated Beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for such period that would have been payable to the Participant using the table set forth in Q&A-2 of section 1.401(a)(9)-6T of the Treasury regulations. If the form of distribution combines a joint and survivor annuity for the joint lives of the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the Designated Beneficiary after the expiration of the period certain (2) Period Certain Annuities. Unless the Participant’s spouse is the sole Designated Beneficiary and the form of distribution is a period certain and no life annuity, the period certain for an annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations for the calendar year that contains the annuity starting date. If the annuity starting date precedes the year in which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations plus the excess of 70 over the age of the Participant as of the Participant’s birthday in the year that contains the annuity starting date. If the Participant’s spouse is the Participant’s sole Designated Beneficiary and the form of distribution is a period certain and no life annuity, the period certain may not exceed the longer of the Participant’s applicable distribution period, as determined under this Section 3.09(d)(2), or the joint life and last survivor expectancy of the Participant and the Participant’s spouse as determined under the Joint and Last Survivor Table set forth in section 1.401(a)(9)-9 of the Treasury regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the calendar year that contains the annuity starting date. Attachment number 1 Page 24 of 42 Item # 53 LEGAL_US_E # 70727833.4 21 (e) Requirements for Minimum Distributions Where Participant Dies Before Date Distributions Begin. (1) Participant Survived by Designated Beneficiary. If the Participant dies before the date distribution of his or her interest begins and there is a Designated Beneficiary, the Participant’s entire interest will be distributed, beginning no later than the time described in section 3.10(b)(2)A. or 3.10(b)(2)B., over the life of the Designated Beneficiary or over a period certain not exceeding: A. unless the annuity starting date is before the first distribution calendar year, the life expectancy of the Designated Beneficiary determined using the beneficiary’s age as of the beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or B. if the annuity starting date is before the first distribution calendar year, the life expectancy of the Designated Beneficiary determined using the beneficiary’s age as of the beneficiary’s birthday in the calendar year that contains the annuity starting date. (2) No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the participant’s death. (3) Death of Surviving Spouse Before Distributions to Surviving Spouse Begin. If the Participant dies before the date distribution of his or her interest begins, the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, and the surviving spouse dies before distributions to the surviving spouse begin, this section 5 will apply as if the surviving spouse were the Participant, except that the time by which distributions must begin will be determined without regard to section 2.02(a). (f) Definitions. For purposes of this Section 3.10, the capitalized terms used herein shall have the following meanings: (1) Designated Beneficiary. The individual who is designated as the Beneficiary under Section 4.04 of the Plan and is the designated beneficiary under section 401(a)(9) of the Internal Revenue Code and section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations. (2) Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first distribution calendar year is the calendar rear in which distributions are required to begin pursuant to section 3.10(b)(2). Attachment number 1 Page 25 of 42 Item # 53 LEGAL_US_E # 70727833.4 22 (3) Life Expectancy. Life expectancy as computed by use of the Single Life Table in section 1.401(a) (9)-9 of the Treasury regulations. (4) Required Beginning Date. April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70½ or the calendar year in which the Participant retires from employment with the City. 3.11 Code Section 415 Limit. (a) Definitions. When used in this Section 3.11, the following terms shall have the definitions set forth in this Section 3.11(a). (1) Defined Benefit Dollar Limitation. A. Effective as of January 1, 1977, the “Defined Benefit Dollar Limitation” is $75,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. B. Effective as of January 1, 1983, the “Defined Benefit Dollar Limitation” is $90,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. C. Effective as of January 1, 2002, the “Defined Benefit Dollar Limitation” is $160,000 (subject to adjustments required under applicable law for employee contributions) as adjusted, effective January 1 of each year, under Section 415(d) of the Code in such manner as the Secretary of Treasury shall prescribe, and payable in the form of a straight life annuity. A limitation as adjusted under Section 415(d) will apply to limitation years ending with or within the calendar year for which the adjustment applies. (2) Defined Benefit Compensation Limitation. The “Defined Benefit Compensation Limitation” is 100% of Participant’s average compensation for his or her high 3 years of employment with the City. (3) Maximum Permissible Benefit. The “Maximum Permissible Benefit” is the lesser of the Defined Benefit Dollar Limitation or the Defined Benefit Compensation Limitation (both adjusted where required, as provided in paragraphs (A) of (B) of this Section 3.11(b)(1). (4) Minimum Age. Attachment number 1 Page 26 of 42 Item # 53 LEGAL_US_E # 70727833.4 23 A. Effective as of January 1, 1977, the “Minimum Age” is 55. B. Effective as of January 1, 1983, the “Minimum Age” is 62. (5) Maximum Age. Effective as of January 1, 1983, the “Maximum Age” is 65. (b) Limitation on Benefits. (1) Effective January 1, 1977 and subject to this Section 3.11, in no event will the annual benefits payable to any Participant exceed the Maximum Permissible Benefit at the time the Participant ceases to accrue Credited Service. (2) In accordance with Code Section 415(b)(10), notwithstanding anything in this Section 3.11 to the contrary, for purposes of Employees who became Participants before January 1, 1990, the benefit limitations contained in this Section 3.11 shall not be less than such Participant’s Accrued Benefit under the Plan (as determined without regard to any Plan amendment made after October 14, 1987). (c) Adjustments to the Defined Benefit Dollar Limitation. (1) Effective as of January 1, 1977, if the retirement benefit of a Participant begins prior to the Minimum Age, the Defined Benefit Dollar Limitation applicable to the Participant at such earlier age is an annual benefit payable in the form of a straight life annuity beginning at the earlier age that is the Actuarial Equivalent of the Defined Benefit Dollar Limitation applicable to the Participant at the Minimum Age (adjusted as required pursuant to this Section 3.11). The Defined Benefit Dollar Limitation applicable at an age lesser than the Minimum Age is determined as the lesser of: (i) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 1.02 of the Plan and (ii) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using a 5 percent interest rate and the applicable mortality table as defined in Section 1.02 of the Plan. Any decrease in the Defined Benefit Dollar Limitation determined in accordance with this Section 3.11 shall not reflect a mortality decrement if benefits are not forfeited upon the death of the Participant. If any benefits are forfeited upon death, the full mortality decrement is taken into account. (2) Effective as of January 1, 1983, if the benefit of a Participant begins after the Participant attains the Maximum Age, the Defined Benefit Dollar Limitation applicable to the Participant at such later age is the annual benefit payable in the form of a straight life annuity beginning at the later age that is actuarially equivalent to the Defined Benefit Dollar Limitation applicable to the Participant at the Maximum Age (adjusted as required pursuant to this Section 3.11). The actuarial equivalent of the Defined Benefit Dollar Limitation applicable at an age after the Maximum Age is determined as (i) the lesser of the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed using the interest rate and mortality table (or other tabular factor) specified in Section 1.02 of the Plan and (ii) the actuarial equivalent (at such age) of the Defined Benefit Dollar Limitation computed Attachment number 1 Page 27 of 42 Item # 53 LEGAL_US_E # 70727833.4 24 using a 5 percent interest rate assumption and the applicable mortality table as defined in Section 1.02 of the Plan. For these purposes, mortality between the Maximum Age and the age at which benefits commence shall be ignored. (3) Notwithstanding anything in this Section 3.11 to the contrary, benefit increases resulting from the increase in the Defined Benefit Dollar Limitation pursuant to Section 3.11(a)(1)C. shall be limited to all Participants who have one hour of Credited Service on or after the first day of the first limitation year ending after December 31, 2001. (4) Notwithstanding anything in this Section 3.11 to the contrary, in the case of a Participant who has fewer than 10 years of Credited Service, the Defined Benefit Dollar Limitation shall be multiplied by a fraction, (i) the numerator of which is the number of years of Credited Service and (ii) the denominator of which is 10. (5) Notwithstanding anything in this Section 3.11 to the contrary, effective as of January 1, 1987, the annual benefit of any Participant who is a police officer or firefighter and who has at least 15 years of Credited Service may be determined without regard to Section 3.11(c)(1). (d) For distributions commencing prior to January 1, 2002 and for Participants who do not have one hour of Credited Service after this date, the City shall, to the extent required by the Economic Growth and Tax Relief Reconciliation Act of 2001 and in accordance with the Code, apply the limitations contained in Code Section 415, as in effect at the time the distribution commenced; subject to the disregard of Code Section 415(e) for distributions occurring after January 1, 2000. (e) Effective as of January 1, 1977 through December 31, 1999, the limitation established by Section 415(e) of the Code (as in effect from time to time) shall apply to the calculation of any Participant’s annual benefit. 3.12 Rollover Distributions. Except where otherwise provided, Section 3.12 shall apply to benefits payable, but only to the extent required by the plan qualification rules of Section 401(a) of the Code. (a) Effective January 1, 1993, notwithstanding any contrary provision of the Plan, a Distributee may elect, at the time and in the manner prescribed by the City, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover. (b) The special capitalized terms used only in this Section 3.12 shall have the meanings specified below: (1) “Direct Rollover” means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. (2) “Distributee” means a Participant. In addition, a Participant’s surviving spouse and a Participant’s spouse or former spouse who is the alternate Attachment number 1 Page 28 of 42 Item # 53 LEGAL_US_E # 70727833.4 25 payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are Distributees with regard to the interest of the spouse or former spouse. (3) “Eligible Retirement Plan” means an individual retirement account described in Section 408(a) of the Code, an annuity plan described in Section 403(a) of the Code, an annuity contract described in Section 403(b) of the Code, or a qualified trust described in Section 401(a) of the Code that accepts the Distributee’s Eligible Rollover Distribution. Effective for Plan Years ending before January 1, 2002, in the case of an Eligible Rollover Distribution to the Employee’s or former Employee’s surviving spouse, an Eligible Retirement Plan shall mean only an individual retirement account or individual retirement annuity. Effective as of January 1, 2002, the definition of “Eligible Retirement Plan” shall also apply to an annuity contract described in Section 403(b) of the Code, an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, and in the case of a distribution to an Employee’s surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code. (4) “Eligible Rollover Distribution” means any distribution of all or any portion of the Accrued Benefit to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: (1) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of ten years or more; (2) any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and (3) the portion of any distribution that is not includible in gross income. Effective as of January 1, 2002, notwithstanding the foregoing, any amount that is distributed on account of hardship, to the extent allowed under the Plan, shall not constitute an Eligible Rollover Distribution. SECTION 4 DEATH BENEFITS 4.01 Death Prior to Retirement. (a) Non-Duty Connected Death. If the employment of a Participant is terminated by reason of his death prior to his Normal Retirement Date and such death was not the result of the Participant actively performing the prescribed duties of his job, there shall be payable to his surviving spouse or, if no spouse survives, then to his designated Beneficiary, a lump-sum cash amount equal to the total amount of the Participant’s Contributions with Interest. (b) Duty Connected Death. (1) If the employment of a Participant is terminated by reason of his death while actively performing the prescribed duties of his job and not resulting from any misconduct or willful negligence of the Participant, the spouse (if any) of such deceased Participant will receive a monthly benefit equal to twenty-five percent (25%) of the Participant’s Attachment number 1 Page 29 of 42 Item # 53 LEGAL_US_E # 70727833.4 26 Average Earnings at date of death, such benefit to commence on the first day of the month following the last payment of: (a) any monthly benefits provided under the Workmen’s Compensation Laws of Georgia, or (b) if paid in a lump-sum amount, the last monthly payment which would otherwise be payable if such lump-sum payment is equitably adjusted on the basis of the monthly amount to which the Participant would be entitled under such law. The monthly benefit shall be payable until the spouse of the deceased Participant dies or remarries; provided, however, in the event of the spouse’s death while a minor child or children of the deceased Participant survive, the same monthly benefit shall continue for the benefit of such child or children, in equal monthly shares, to the earlier of: (a) the marriage or (b) attainment of age 18 as to each child. (2) In the event of the death of a Participant described in paragraph (b)(1) of this Section, who does not leave a surviving spouse but leaves a surviving child or children, the legal guardian of such children shall receive on their behalf the benefits provided in paragraph (b)(1) of this Section. (3) If no spouse or children survive the deceased Participant, a lump-sum cash amount equal to the total amount of the Participant’s contributions with interest shall be paid to his designated Beneficiary. 4.02 Death After Retirement. If a Participant dies subsequent to his retirement and had not elected an optional form of payment in accordance with Section 5, or had elected to receive a deferred benefit under Section 3.02(b)(l) or Section 3.05(b) but such benefit had not commenced, his Beneficiary shall receive a lump-sum cash amount equal to the excess, if any, of (a) the Participant’s Contribution with Interest, over (b) the total monthly payments, if any, made to the Participant prior to his date of death, such amount to be payable within 60 days following the Participant’s date of death. 4.03 Adjusted Benefit. The amount of monthly retirement benefit provided under this Section 4 shall be adjusted by the cost-of-living adjustment as provided in Section 3.07 upon commencement of such benefit. 4.04 Designation of Beneficiaries. (a) Each Participant shall designate a Beneficiary to receive the benefits, if any, which may be payable in the event of his death pursuant to the provision of Section 4 or 5. Such designation shall be made in writing on a form provided by the Board and shall be signed and filed with the Board. The Participant may change his designation from time to time by filing the proper form with the Board, and each change shall revoke all prior designations by the Participant. In each such designation the Participant may name one or more primary Beneficiaries and one or more contingent Beneficiaries. If no Beneficiary designated by the Participant survives the Participant, the Board may direct the payment of such benefits to (a) the spouse of the deceased, if living; otherwise, to (b) the descendents of the deceased Participant per stirpes or on their behalf as provided in Section 10.04; or if none, to (c) the legal representative of the estate of the deceased Participant. Attachment number 1 Page 30 of 42 Item # 53 LEGAL_US_E # 70727833.4 27 (b) In the event of the death of a Beneficiary who survives the Participant and who, at his or her death, is receiving benefits as described in paragraph A of this Section, the remaining benefits, if any, shall be payable to a person designated by the Participant to receive the remaining benefits, or, if no person was so designated, then to a person designated by the Beneficiary of the deceased Participant; provided, however, that if no person so designated be living upon the occurrence of such contingency, the remaining benefits, if any, shall be payable to (a) the spouse of the deceased Participant, if living; otherwise to (b) the descendents of the deceased Beneficiary per stirpes or on their behalf as provided in Section 10.04; or if none, to (c) the legal representative of the estate of the deceased Beneficiary, as the Board in its sole discretion may determine. (c) In the event the Board does not direct the payments as specified in paragraphs A or B of this Section, the Board may elect to have a court of applicable jurisdiction determine to whom payments should be made, and the Board shall follow such instructions as the court may give. SECTION 5 OPTIONAL FORMS OF RETIREMENT INCOME 5.01 Election of Optional Retirement Benefits. A Participant may elect, or may revoke a previous election and make a new election, at any time 30 days or more prior to his Normal Retirement Date, Early Retirement Date, Enhanced Retirement Date or Delayed Retirement Date, whichever is applicable, to have his retirement benefit payable under one of the options hereinafter set forth in lieu of the retirement benefit he is otherwise entitled to receive under Section 3.01, 3.02, or 3.04. The benefit shall be paid in accordance with the terms of such option elected. Election of any option shall be made by the Participant in writing and shall be subject to approval by the Board. No optional election is available for Disability Retirement (Section 3.03). 5.02 Description of Options. The amount of any optional retirement benefit set forth below shall be the Actuarial Equivalent of the amount of benefit that would otherwise be payable to the Participant under the applicable provision of Section 3 without regard to any future cost-of-living adjustments. (a) Option A - Ten Years Certain and Life Option. An adjusted monthly retirement benefit payable to the Participant during his lifetime and, in the event of his death within a period of ten years after his retirement, the same monthly amount shall be payable for the remainder of such ten year period to his Beneficiary. (b) Option B - Joint and Last Survivor Option. An adjusted monthly retirement benefit which shall be payable during the joint lifetime of the Participant and his Joint Annuitant, with a previously designated percentage (100%, 75%, or 50%) of the benefit amount continuing after the death of either during the lifetime of the survivor. The amount of monthly retirement benefit payable under any option selected in accordance with the provisions of this Section shall be adjusted by the cost-of-living adjustment as provided in Section 3.07; provided, however, that if payments are to be made to an estate the commuted Attachment number 1 Page 31 of 42 Item # 53 LEGAL_US_E # 70727833.4 28 value of such payment shall be made in lieu of continuation of monthly payments. Such commuted value shall be equal to the amount of the lump-sum value of the remaining monthly payments in the amount of the last monthly payment, discounted on such actuarial tables as may be adopted by the Board, ignoring any future cost-of-living adjustments. 5.03 Joint Annuitant or Beneficiary. (a) A Participant who elects Option A of Section 5.02(a) shall designate (in accordance with Section 4.04), on a form provided for that purpose, a person to receive benefits payable in the event of the Participant’s death. Such person(s) shall be the Beneficiary of the Participant. (b) A Participant who elects Option B of Section 5.02(b) with benefits payable after his death for another person’s lifetime shall, designate, on a form provided for that purpose a person to receive the benefits which continue to be payable upon the death of the Participant. Such person shall be the Joint Annuitant of the Participant. 5.04 Cancellation of Election. The election by a Participant of Option B of Section 5.02 shall be null and void if either the Participant or his designated Joint Annuitant should die before benefits commence. SECTION 6 CONTRIBUTIONS 6.01 County Contributions. Contributions by the County shall be paid to the Trustee at such times and in such amounts as shall be determined by the County, based upon the recommendations of an actuary. County contributions paid into the Fund shall be used only for the benefit of the Participants and beneficiaries under the Plan. 6.02 Participant Contributions. (a) Each Employee who becomes a Participant in the Plan must contribute to the Fund an amount equal to 4% of his Earnings. The Participant will stop making Contributions as of the earlier of: (1) the date he terminates employment for any reason, or (2) his actual retirement date. All Participant Contributions an or after January 1, 1993 will be made on a before-tax basis under Code Section 414(h). Participants will make their Contributions by payroll deduction. (b) A Participant who was most recently hired before January 1, 1993 may withdraw his Participant Contributions after filing a written application with the Board, on a form provided by the Board and subject to the following conditions: (1) The withdrawal will be effective 60 days after the date when the Board receives the application. (2) The Participant who withdraws his contributions will discontinue participation in the Plan as of the date the withdrawal is effective, and he may not resume participation for a period of 12 months following the withdrawal date. Any such Attachment number 1 Page 32 of 42 Item # 53 LEGAL_US_E # 70727833.4 29 Employee who elects to reenter the Plan after December 31, 1992 will continue to participate until he terminates employment, dies, or retires. (3) A Participant who withdraws his contributions from the Plan will forfeit all Credited Service accrued to the date of withdrawal. No Participant whose most recent date of hire is after December 31, 1992 may withdraw his Contributions before he terminates employment. SECTION 7 ADMINISTRATION OF PLAN 7.01 Administration. (a) Powers of Board. The Board shall control the administration of the Plan hereunder, with all powers necessary to enable it properly to carry out its duties in that respect. Not in limitation, but in amplification of the foregoing, the Board shall have the power to construe said Plan and to determine all questions that shall arise thereunder, and shall also have all the powers elsewhere herein conferred upon it. It shall decide all questions relating to the eligibility of Employees to participate in the benefits of the Plan, and shall determine the benefits to which any Participant, Beneficiary, or Joint Annuitant may be entitled under the Plan. The decisions of the Board upon all matters within the scope of its authority shall be final and binding upon all parties to this instrument, Participants, and Participants’ Beneficiaries and Joint Annuitants. (b) The Plan shall be interpreted by the Board and all Plan fiduciaries in accordance with the terms of the Plan and their intended meanings. However, the Board and all Plan fiduciaries shall have the discretion to make any findings of fact needed in the administration of the Plan, and shall have the discretion to interpret or construe ambiguous, unclear or implied (but omitted) terms in any fashion they deem to be appropriate in their sole judgment. The validity of any such finding of fact, interpretation, construction or decision shall not be given de novo review if challenged in court, by arbitration or in any other forum, and shall be upheld unless clearly arbitrary or capricious. To the extent the Board or any Plan fiduciary has been granted discretionary authority under the Plan, the Board’s or Plan fiduciary’s prior exercise of such authority shall not obligate it to exercise its authority in a like fashion thereafter. If, due to errors in drafting, any Plan provision does not accurately reflect its intended meaning, as demonstrated by consistent interpretations or other evidence of intent, or as determined by the Board in its sole and exclusive judgment, the provision shall be considered ambiguous and shall be interpreted by the Board and all Plan fiduciaries in a fashion consistent with its intent, as determined by the Board in its sole discretion. The Board, acting as a nonfiduciary settlor, may amend the Plan retroactively to cure any such ambiguity, notwithstanding anything in the Plan to the contrary. This Section may not be invoked by any person to require the Plan to be interpreted in a manner which is inconsistent with its interpretation by the Board or by any Plan fiduciaries. All actions taken and all determinations made in good faith by the Board or by Plan fiduciaries shall be final and binding upon all persons claiming any interest in or under the Plan. (c) Records of Board. All acts and determination of the Board shall be duly recorded by the clerk, or under his supervision, and all such records, together with such Attachment number 1 Page 33 of 42 Item # 53 LEGAL_US_E # 70727833.4 30 other documents as may be necessary for the administration of the Plan shall be preserved in the custody of such clerk. (d) Exemption from Liability of Board. The members of the Board, and each of them, shall be free from all liability, joint, and several, for their acts, omissions and conduct, and for the acts, omissions and conduct of their duly constituted agents, in the administration of the Plan, and the County shall indemnify and save each of them harmless from the effects and consequences of their acts, omissions, and conduct in their official capacity, except to the extent that such effects and consequences shall result from their own willful misconduct. (e) Miscellaneous. (1) The Board shall prepare and distribute to the Employees information concerning the Plan, at the expense of the County, in such manner as it shall deem appropriate. (2) To enable the Board to perform its functions, the County shall supply full and timely information of all matters relating to the compensation and length of service of all Participants, their retirement, death or other cause of termination of employment, and such other pertinent facts as the Board may require. (3) The Board shall be entitled to rely upon all tables, valuations, certificates, and reports furnished by an actuary, who shall be a member of the American Academy of Actuaries, or an organization which one or more members is a member of the American Academy of Actuaries and upon all certificates and reports made by an accountant selected or approved by the Board. The Board shall be fully protected in respect to any action taken or suffered by it in good faith in reliance upon the advice or opinion of any actuary, accountant, or attorney, and all action so taken or suffered shall be conclusive upon each member of the Board and upon all persons interested in the Plan. SECTION 8 TRUST FUND AND TRUSTEES 8.01 Trust Fund. (a) The assets of the Fund shall be held, administered, and invested by the Board. The Fund shall consist of all payments by the County and Participants to the Fund as provided in Section 6 and earnings from investments. The assets of the Fund shall be valued as of the end of each Plan Year, and at any other time required by the Board, at the then existing book and market value. (b) The Trustee shall maintain a separate permanent record of the Fund. All decisions of the Board and the Trustee in regard to the Fund or any payments or withdrawals therefrom shall be entered on the permanent record kept by the Trustee and such permanent record shall be open to inspection by any interested person at all regular business hours. Attachment number 1 Page 34 of 42 Item # 53 LEGAL_US_E # 70727833.4 31 (c) The Board shall keep the Trustee and clerk of the board bonded at all times in an amount equal to the total Fund in the possession of or under the control of either; provided, however, that such bond shall not exceed $200,000 as to each party. The bonds shall also cover any person acting for the Trustee or clerk who in any manner handles any assets of the Fund or has any discretionary authority regarding same. 8.02 Amendment of Trust. The County shall have the right at any time, by an instrument in writing duly executed by the Board and to the Trustee, to modify, alter, or amend this Plan and Trust in whole or in part; provided, however, that the duties, powers, and liability of the Trustee hereunder shall not be substantially increased without the County’s written consent, and provided further, that no such amendment shall have the effect of revesting in the County any part of the principal or income of the Fund. 8.03 Discontinuance of Trust and Vesting. The County expressly reserves the right to terminate this Plan and Trust Agreement at any time. Upon termination of the Plan by the County, or complete discontinuance of Employee or County contributions thereunder, having the effect of termination, the rights of each Participant to benefits accrued to the date of such termination or discontinuance, to the extent then funded, shall be nonforfeitable. In either case the Trustee shall, upon instructions from the County, continue to administer the Fund as provided in Section 9.02. No part of the Fund shall at any time revert to the County unless all benefits for Participants and their Payees have been provided. 8.04 Powers of Trustee. The Trustee shall have the following powers and authority in the administration of the Fund to be exercised in accordance with and subject to the provisions of Section 8.05 hereof: (a) Purchase of Property. To purchase, or subscribe for, only securities, stocks, bonds, or other property specified in Section 8.05 and to retain the same in the Fund. (b) Sale, Exchange, conveyance, and Transfer of Property. To sell, exchange, convey, transfer, or otherwise dispose of any securities or other property held by the Fund by private contract or at public auction. No person dealing with the Trustees shall be bound to see the application of the purchase money or to inquire into the validity, expediency or propriety of any such sale or other disposition. (c) Exercise of Owner’s Rights. To vote upon any stocks, bonds, or other securities; to give general proxies or powers of attorney with or without power of substitution; exercise any conversion privileges, subscription rights, or other options, and to make any payments incidental thereto; to oppose or consent to, or otherwise to participate in, corporate reorganizations or other changes affecting corporate securities, an to delegate discretionary powers, and to pay any assessments or charges in connection therewith; and generally to exercise any of the powers of any owner with respect to stocks, bonds, securities, or other property held as part of the Fund. Attachment number 1 Page 35 of 42 Item # 53 LEGAL_US_E # 70727833.4 32 (d) Retention of Cash. To keep such portion of the Fund in cash or cash balances as the Trustee may, from time to time, deem to be in the best interest of the Fund, without liability for interest thereon. (e) Execution of Instruments. To make, execute, acknowledge, and deliver any and all documents of transfer and conveyance and any and all other instruments that may be necessary or appropriate to carry out the powers herein granted. (f) Settlement of Claims and Debts. To settle, compromise, or submit to arbitration any claims, debts, or damages due or owing to or from the Fund, to commence or defend suits or legal administrative proceedings, and to represent the Fund in all suits and legal and administrative proceedings, and any expenses incurred for such proceedings shall be paid by the County. (g) Employment of Agents and Counsel. To employ suitable agents and counsel and pay their reasonable expenses and compensation; and (h) Power to do Any Necessary Act. To do all such acts, take all such proceedings and exercise all such rights and privileges, although not specifically mentioned herein, as the Trustee may deem necessary to administer the Fund, and to carry out the Purposes of this Trust. To serve without being required to file any returns or reports of any kind with any court. 8.05 Investment of Fund. (a) Effective from January 1, 1977 through January 5, 1998, the Trustee is authorized to deposit funds held by it with any bank located in Richmond County, Georgia, as depository. The Trustee shall have authority to invest and reinvest assets of the Fund held for the purpose of paying benefits, but which is not needed for the immediate payment thereof, as determined by the Trustee, in securities of the United States of America, including securities of agencies of said government; of the State of Georgia; of Richmond County; or any other county or municipality of the State of Georgia; or insured savings in savings and loan associations and State and National Banks; corporate bonds and debentures or other evidence of indebtedness assumed or guaranteed by any solvent institution existing under the laws of the United States of America or any state thereof, interest and which are secured by collateral worth at least 50% more than the par value of the entire issue of such obligations, but only if not more than one-third of the total value of such required collateral consists of common stock. The Board may also invest in corporate stocks which are non-assessable dividend paying stocks, common or preferred, of any solvent corporation created or existing under the laws of the United States or any state thereof; provided cash dividends of such commons stocks shall have been paid out of current earnings in at least two of the last three years preceding the purchase, and provided further, that the Fund shall not own more than (a) 10% of the issued and outstanding shares of any one corporation of (b) an aggregate of more than 25% of the issued and outstanding shares of corporate stock of any number of corporations. (b) Effective January 6, 1998, the County comptroller shall be the custodian of such fund and shall deposit all contributions to the Plan in a bank or banks, and, Attachment number 1 Page 36 of 42 Item # 53 LEGAL_US_E # 70727833.4 33 pursuant to the direction of the pension fund investment committee, which committee shall consist of the members of the Augusta-Richmond County Commission, shall invest and reinvest, from time to time, and portion thereof not immediately needed for the payment of pensions, in securities approved by law for the investment of Trust funds; and, in such securities other than those specifically approved by law for the investment of Trust funds, as the pension fund investment committee shall deem proper, from time to time; provided, however, that the amount of the Fund which may be invested in such securities other than those specifically approved by law for the investment of Trust funds may not exceed fifty percent (50%) of the total amount of the Fund then outstanding; and in addition thereto, the investment committee may reinvest such funds in bonds and debentures assumed or guaranteed by any solvent corporation or institution existing under the laws of the United States of America, or any state thereof, provided such bonds or debentures are rated at the time of their purchase, by a nationally recognized securities rating service, as AAA (Aaa); AA (Aa) or A (a) or in lieu thereof, provided such bonds or debentures are the type in which domestic life insurance companies are permitted to invest under any applicable provisions of the Official Code of Georgia Annotated, as amended. The amount of the pension fund which may be invested in the bonds and debentures of any once corporation may not exceed ten percent (10%) of the total amount of such fund then outstanding. 8.06 Taxation. The Board, in its settlor capacity, is authorized to levy a tax from time to time sufficient to pay the benefits provided under the terms of the Plan. Liabilities of the Fund for the payment of benefits shall be determined by the Board, based upon the recommendations of an actuary. 8.07 Resignation of Trustee. The Trustee may resign as Trustee of the Trust at any time by giving sixty days written notice to the County, or with the consent of the County, the Trustee may resign at any time. At such time as the resignation becomes effective, the Trustee shall render to the County an account of its administration of the Fund during the period following that covered by its last annual account, and shall perform all acts necessary to transfer and deliver the assets of the Fund to its successor. 8.08 Successor Trustees. In the event of vacancy of one or more individuals in the trusteeship of this Trust occurring at any time, the Board shall designate and appoint qualified successor Trustee(s) until such individuals are elected by the electorate. 8.09 Liability of Trustee. The Trustee shall not be liable for the making, retention, or sale of any investment authorized hereunder nor for a failure to make, retain, or sell any investment nor shall the Trustee be liable for any loss to or diminishment of the Fund, except as shall be due to its own willful misconduct or lack of good faith. The Trustee shall not be required to make any inventory, appraisal, or report to any court, or to secure any order of court for the exercise of any power herein contained. 8.10 Disbursements. Upon written direction (which may be a continuing one) from the Board as to the name of any person to whom money is to be paid from the Fund and the amount thereof, checks shall be drawn by the Trustee in the name of the person designated by the Board and deliver such checks in such manner and amounts and at such time as the Board shall direct. In the event the Trustee shall deem it necessary to withhold any distribution pending compliance with legal requirements with respect to probate of wills, appointment of personal representatives, Attachment number 1 Page 37 of 42 Item # 53 LEGAL_US_E # 70727833.4 34 payment of or provision for estate or inheritance taxes, or for death duties or otherwise, the Trustee shall withhold payment pending receipt of the instructions from the County Attorney to make such distribution. SECTION 9 AMENDMENT AND TERMINATION 9.01 Amendment of the Plan. The County shall have the right at any time pursuant to authorization of the Board, to amend any or all of the provisions of the Plan; provided, however, that no such amendment shall authorize or permit any part of the Fund to be diverted to purposes other than for the exclusive benefit of Participants and their Payees; and further provided, that no amendment shall have the effect of revesting in the County any portion of such Fund except such amounts which remain in the Fund after termination of the Plan and after all liabilities under the Plan have been satisfied. 9.02 Termination of the Plan. (a) The County expects this Plan to be continued indefinitely but, of necessity, reserves the right to terminate the Plan and its contributions thereunder at any time by action of the Board; provided, however, that should the County terminate the Plan or completely discontinue contributions hereunder so as the amount to a Plan termination, the accrued benefit of each Participant, to the extent then funded, shall become fully vested and nonforfeitable as the date of termination. (b) In the event of termination of the Plan and upon receipt of written notice of such termination, the Board shall arrange for the Fund to be apportioned and distributed in accordance with the following procedure: (1) The Board shall determine the date of distribution and asset value of the Fund to be distributed, taking into account the expenses of distribution. (2) The Board shall determine the method of distribution of the asset value -- that is, whether distribution to each Participant or Payee entitled to benefits shall be by payment in a lump-sum cash amount, the purchase of an annuity from an insurance company, or otherwise. (3) The Board shall apportion the asset value in the priority and manner set forth below, on the basis that the amount required to provide any given retirement benefit shall mean the actuarially computed single-sum value of such benefit, except that if the method of distribution determined under Section 9.02(b)(2) involves the purchase of an insured annuity, the amount required to provide the given retirement benefit shall mean the single premium payable for such annuity: A. An amount equal to each Participant’s Contributions under the Plan with Interest, less the aggregate amount of any benefit payments previously made with respect to such Participant, will be determined and such amount apportioned from the asset value. Such asset value, if insufficient to provide such amounts in Attachment number 1 Page 38 of 42 Item # 53 LEGAL_US_E # 70727833.4 35 full will be apportioned among such Participants in proportion to the amounts determined with respect to them. B. If there be any asset value remaining after the apportionment under A. above, apportionment shall next be made with respect to each retired Participant receiving a retirement benefit hereunder an such date, each person receiving a retirement benefit on such date on account of a retired (but since deceased) Participant, each Participant who has, by such date, reached his Normal Retirement Date but has not yet retired, in the amount required to provide such retirement benefit as of the date of termination of the Plan, less any apportionment made in A. above, provided that, if such remaining asset value be less than the aggregate of such amounts, such amounts shall be proportionately reduced so that the aggregate of such reduced amounts will be equal to such asset value. C. If there be any asset value remaining after the apportionments under A. and B. above, apportionment shall next be made with respect to each active Participant on such date who has reached his Early Retirement Date but has not yet retired, in the amount required to provide such retirement benefit as of the termination date of the Plan, less any apportionment in A. above, provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately reduced so that the aggregate of such reduced values will be equal to such remaining asset value. D. If there be any asset value remaining after the apportionments under A., B., and C. above, apportionment shall next be made with respect to each active Participant on such date who has completed at least 10 years of Credited Service and each former Participant then entitled to a deferred benefit under Section 3.05(b) hereof who has not, by such date, reached his Normal Retirement Date, none of whom is entitled to an apportionment under B. above, in the amount required to provide the actuarially determined value of the accrued benefit as of the termination date of the Plan, less any apportionment in A. above; provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately reduced so that the aggregate of such reduced values will be equal to such remaining asset value. E. If there be any asset value remaining after apportionments under A., B., C., and D. above, apportionment shall lastly be made with respect to each active Participant on such date who is not entitled to an apportionment under B., C., and D. above, in the amount required to provide the actuarially determined value of the accrued benefit as of the date of termination of the Plan, less any apportionment in A. above; provided that, if such remaining asset value be less than the aggregate of the amounts apportioned hereunder, such latter amounts shall be proportionately. reduced so that the aggregate of such reduced values will be equal to such remaining asset value. F. In the event that any asset value remains after the full apportionments specified in paragraphs A., B., C., D., and E. above, such excess shall revert to the County. Attachment number 1 Page 39 of 42 Item # 53 LEGAL_US_E # 70727833.4 36 (4) The Board shall cause to be distributed, in accordance with the manner of distribution determined under subsection (b)(2) of this Section 9.02, the amounts apportioned under subsection (b)(3) of this Section 9.02. SECTION 10 MISCELLANEOUS 10.01 Headings. The headings and subheadings in this Plan have been inserted for convenience of reference only and are to be ignored in any construction of the provisions hereof. 10.02 Construction. In the construction of this Plan the masculine shall include the feminine and the singular the plural in all cases where such meanings would be appropriate. This Plan shall be construed in accordance with the laws of the State of Georgia. 10.03 Nonalienation. No benefits payable under the Plan will be subject to the claim or legal process of any creditor of any Participant or Beneficiary, and no Participant or Beneficiary will alienate, transfer, anticipate, or assign any benefits under the Plan, except that distributions will be made pursuant to (a) qualified domestic relations orders issued in accordance with Code Section 414(p), (b) judgments resulting from federal tax assessments, and (c) as otherwise required by law. 10.04 Legally Incompetent. If any Participant or Payee is a minor, or, in the judgment of the Board is otherwise legally incapable of personally receiving and giving a valid receipt for any payment due him hereunder, the Board may, unless and until claim shall have been made by a duly appointed guardian or committee of such person, direct that such payment or any part thereof be made to such person’s spouse, child, parent, brother, or sister or other person deemed by the Board to have incurred expense for or assumed responsibility for the expenses of such person. Any payment so made shall be a complete discharge of any liability under this Plan for such payment. 10.05 Benefits Supported Only By Fund. Any person having any claim under the Plan will look solely to the assets of the Fund for satisfaction. In no event will the County, or any of its officers, members of the Board, or agents, be liable in their individual capacities to any person whomsoever, under the provisions of the Plan. 10.06 Discrimination. The County, through the Board, shall administer the Plan in a uniform and consistent manner with respect to all Participants and shall not permit discrimination in favor of officers, supervisory, or highly paid Employees. 10.07 Limitation of Liability; Legal Actions. It is expressly understood and agreed by each Employee who becomes a Participant hereunder, that except for its or their willful negligence or fraud, neither the County, the Trustee, nor the Board shall be in any way subject to any suit or litigation, or to any legal liability, for any cause or reason whatsoever, in connection with this Plan or its operation, and each such Participant hereby releases the County, Trustee, Board, and all its officers and agents from any and all liability or obligation. Attachment number 1 Page 40 of 42 Item # 53 LEGAL_US_E # 70727833.4 37 10.08 Claims. Any payment to a Participant, Joint Annuitant, or Beneficiary, or to their legal representatives, in accordance with the provision of this Plan, shall to the extent thereof be in full satisfaction of all claims hereunder against the Board, Trustee, and the County, any of whom may require such Participant, Beneficiary, or legal representative, as a condition precedent to such payment, to execute a receipt and release therefore in such form as shall be determined by the Board. 10.09 Forfeitures. Forfeitures arising from any cause whatsoever under this Plan shall not be applied to increase the benefits any Participant would otherwise receive under the Plan at any time prior to the termination of the Plan or the complete discontinuance of County contributions hereunder; forfeitures shall be applied to reduce the County’s contributions under the Plan in the then current or subsequent years. Attachment number 1 Page 41 of 42 Item # 53 LEGAL_US_E # 70727833.4 38 IN WITNESS WHEREOF, the County has caused this amended Plan to be duly executed as of the ____ day of ___________ 2006, but effective as of the dates set forth herein. AUGUSTA GEORGIA, AS SUCCESSOR TO THE CITY COUNCIL OF AUGUSTA ATTEST: ____________________________ By: __________________________________ (Seal) Mayor Clerk AUGUSTA GEORGIA, AS SUCCESSOR TO THE CITY COUNCIL OF AUGUSTA _____________________________________ Mayor This Ordinance shall be effective as of the dates set forth herein. All ordinances and parts of Ordinances in conflict with the provisions of this Ordinance are hereby repealed. APPROVED AND ENACTED by the Augusta-Richmond County Commission, on the ______ day of ______________ 2006. Mayor ATTEST: Clerk Attachment number 1 Page 42 of 42 Item # 53 CommissionMeetingAgenda 6/19/20072:00PM OrdinanceRegardingOperationofMotorizedCart Department:ClerkofCommission caption2:MotiontoapproveanOrdinancetoamendandrestate the CodeofAugustaRichmondCountyregardingtheopera tion ofamotorizedcartinapublicstreet,road,orhi ghway;to correctanerrortoareferencetotheO.C.G.A.;an dtorepeal anyconflitingordinances. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 54 Attachment number 1 Page 1 of 3 Item # 54 Attachment number 1 Page 2 of 3 Item # 54 Attachment number 1 Page 3 of 3 Item # 54 CommissionMeetingAgenda 6/19/20072:00PM Censure Department: caption2:DiscusstheCommission'scensureofCommissionerCa lvin Holland.(RequestedbyCommissionerMarionWilliams ) Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 55 CommissionMeetingAgenda 6/19/20072:00PM Affidavit Department:ClerkofCommission caption2:MotiontoapproveexecutionbytheMayoroftheaff idavitof compliancewithGeorgia'sOpenMeetingAct. Background: Analysis: FinancialImpact: Alternatives: Recommendation: Fundsare Availableinthe Following Accounts: REVIEWEDANDAPPROVEDBY : ClerkofCommission Cover Memo Item # 56