§ 40-236. Notice of Forms of Pension Benefits.

Latest version.

(a)

Written notice of the availability of all forms of pension benefits shall be provided to all vested Participants on an annual basis.

(b)

The notice shall contain a written explanation of:

(1)

the terms and conditions of the standard form of benefit; and

(2)

the right to elect, and to revoke an election of, any optional form of benefit payment.

(Ord. No. 90-33, Ch. II, § 6-6, 5-21-91)

                    
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