Ordinance No. 1967 -
amends the Money Purchase Plan for Peace Officers to add an optional
provision from the Pension Protection Act. The optional provision allows
disabled or retired peace officers the ability to have up to $3,000
distributed tax-free annually from the money purchase plan in order to
pay for insurance premiums for an accident or health plan or a qualified
long-term care insurance contract. Wells Fargo will administer the
distribution process in compliance with the Pension Protection Act.