§ 24. Termination of the Plan.

Latest version.

It is the intent of the Board of Trustees and the City of Orlando that this retirement plan be permanent and remain in effect for an indefinite period. However, in the event this retirement plan is discontinued or terminated, all participants shall immediately become fully vested in their benefits. The discontinuance or termination shall be carried out in all respects in conformance with applicable statutes, rules, or regulations of the Federal Government or of the State of Florida, or any duly constituted agency thereof having jurisdiction.

(Laws of Fla. ch. 95-482, § 24)

                    
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