ICMA 457 Deferred Compensation Plan and Trust - Amendment #1 - 2019-11-30""� M
icmA-RC
BUILDING PUBLIC SECTOR
RETIREMENT SECURITY
ICMA RETIREMENT CORPORATION
GOVERNMENTAL 457 DEFERRED COMPENSATION PLAN AND TRUST
AMEN DMENT #1
Pursuant to Article XII of the ICMA Retirement Corporation governmental model 457 Deferred
Compensation Plan & Trust (the "Plan"), ICMA Retirement Corporation, as Plan Administrator, hereby
proposes this Amendment #1 on behalf of all Employers who have adopted the Plan as of November 2019,
in order to change the time interval between loans. This Amendment #1 shall modify Article VIII of the
Plan, which provides for loans to participants.
Article VIII. Loans to Participants, subsection 8.02(g) Application for loan, is replaced in its entirety as
follows:
(g) Application for loan. The Participant must give the Employer adequate written notice, as
determined by the Employer, of the amount and desired time for receiving a loan. No more
than one (1) loan may be made by the Plan to a Participant in any calendar year. No loan shall
be approved if an existing loan from the Plan to the Participant is in default to any extent.
This revised subsection 8.02(g) will be deemed to be adopted by the Employer on November 30, 2019, and
shall be effective as of January 1, 2019, unless the Employer informs ICMA-RC that it does not accept this
Amendment #I by sending written notice either:
(a) Electronically to P1anAdoptionSen icesoicmarc.org, or
(b) In paper form to:
ICMA-RC
ATTN: PLAN ADOPTION SERVICES
777 North Capitol Street, NE
Suite 600
Washington, DC 20002-4240
AC.- 43722-1019
ICMA RETIREMENT CORPORATION 1 777 NORTH CAPITOL STREET, NE I WASHINGTON, K 20002-4240
TEL: 202-962-4600 1 FAX: 202-962-4601 1 TOLL FREE: 800-326-7272 1 WWWAMARC.ORG