§ 40-101. No Right, Title or Interest of the City of Hialeah Gardens.  


Latest version.
  • The City of Hialeah Gardens, any Participant or beneficiary shall not have any right, title or interest in or to the Trust Fund or any part thereof other than vesting under the Pension Plan and other than a pension or other benefit for which a Participant or beneficiary is entitled under the terms and conditions set forth in the Pension Plan. There shall be no prorata or other distribution of any of the assets of the Trust Fund as a result of any group of Employees or Participants and their beneficiaries, ceasing their participation in this Trust Fund for any purpose or reason, except as required by law.

(Ord. No. 90-33, Ch. I, § 7.1, 5-21-91)