Title
Amending the Ordinance approved July 12, 1968, as last amended December 21, 2011, relating to pension benefits for employees working on behalf of Philadelphia Gas Works by revising the Philadelphia Gas Works Pension Plan to incorporate amendments thereto, clarify the operation thereof, and add certain provisions as required by the Internal Revenue Code of 1986, as amended.
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THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. The Ordinance approved July 12, 1968 and amended December 14, 1973, March 8, 1979, February 26, 1981, March 4, 1982, December 19, 1983, November 14, 1986, July 17, 1987, December 20, 1988, March 6, 1995, January 1, 1999, June 26, 2002, July 1, 2004 and December 21, 2011 relating to retirement benefits for employees working on behalf of the Philadelphia Gas Works, is hereby amended as follows:
PHILADELPHIA GAS WORKS
PENSION PLAN
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SECTION 1
DEFINITIONS
Sec. 1.49 "Survivor" shall mean the Participant's Death Beneficiary, mother, father, brother, sister, son, or daughter, or a Special Needs Trust, as designated by the Participant in the form and manner prescribed by the Plan Administrator to receive Survivor's benefits. The designated Survivor shall be one individual or Special Needs Trust.
Sec. 1.61 "Special Needs Trust" shall be a trust under then current federal and/or state law for the sole benefit of a Participant's son or daughter who meets the definition of an individual with a disability under the Social Security Act, and which trust operates in a manner that (a) permits the disabled individual to qualify for public benefits, (including but not limited to those under the Social Security Act such as Supplemental Security Income and Medical Assistance); and (b) by its terms terminates upon the death of the disabled individual. The "lifetime" of the Special Needs Trust shall be deemed coterminous with that of the disabled beneficiary of the Special Needs Trust.
Sec. 1.62 "Contingen...
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