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25M - AGMT - 3RD AMNDMNT GREAT-WEST FINANCIAL
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09/19/2017
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25M - AGMT - 3RD AMNDMNT GREAT-WEST FINANCIAL
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Last modified
9/14/2017 5:53:05 PM
Creation date
9/15/2017 1:05:05 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
25M
Date
9/19/2017
Destruction Year
2022
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17. Parties Responsibilities in Event of Error: In the event that the Plan inadvertently pays the Participant any <br />benefits that are assigned to the Alternate Payee pursuant to the terms of this Order, the Participant shall <br />immediately reimburse the Alternate Payee to the extent that the Participant has received such benefit payments by <br />paying such amounts directly to the Alternate Payee within ten (I0) days of receipt. <br />In the event that the Plan inadvertently pays the Alternate Payee any benefits that are to remain the sole property of <br />the Participant pursuant to the terns of this Order, if the Participant has experienced a distributable event under the <br />terns of the Plan, the Alternate Payee shall immediately reimburse the Participant to the extent that the Alternate <br />Payee has received such benefit payments by paying such amounts directly to the Participant within ten (10) days of <br />receipt. If the Participant has not experienced a distributable event under the terms of the Plan, the Alternate Payee <br />shall immediately return such overpayment to the Plan within ten (10) days of receipt. <br />18. Effect of Plan Termination: In the event of a Plan termination, the Alternate Payee shall be entitled to receive his <br />or her portion of the Participant's benefits as stipulated herein in accordance with the Plan's ternimation provisions <br />for participants and beneficiaries. <br />19. Continued Jurisdiction: The Court retains jurisdiction over this matter to amend this Order to establish or maintain <br />- — — its status as�a qualified domestic relations order, as amended and the original intent of the parties as stipulated <br />herein. ' The 'Court'shall also retain jurisdiction to enter such further orders as are necessary to enforce the <br />assignment of benefits to the Alternate Payee as set forth herein. <br />20. Fee: A processing fee of $250.00 shall be charged one-half ($125.00) against the Alternate Payee's share/account <br />and one-half ($125.00) against the Participant's remaining account. In the event that the Alternate Payee is awarded <br />100% of the. Participant's account balance as of the date this Order is processed pursuant to this Order, the entire <br />processing fee shall be charged to the Alternate Payee's account/share. If there are not sufficient funds in either <br />party's account to pay that party's respective share of the fee, the difference shall be charged to the other party. <br />BY THE COURT: <br />.............................................. <br />JUDGE <br />................................................. <br />Petitioner <br />................................................. <br />Respondent <br />City of Santa Ana Service Agreement Amend No 3 <br />25M-11 <br />
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