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Form 5500 - Schedule H for Pompano Beach Florida: What You Should Know
CF. 621-1. All the information in this annual report must be addressed in the form of a report to the Department of Labor. This Form is filed monthly with the Department of the Treasury, Internal Revenue Service, Pompano Beach, Florida 33453 “May 26, 2019” — Change In the Net Deferred Compensation Of The City's Unemployed Employees With Pension Benefits Under The City Charter, (Title VIII of Act No. 2017-865. Florida Statutes 2). Income Summary The annual report contains the following information and data for the first and fourth quarter of 2017 and 2016. The information provided below includes amounts that appear in the 2 income summary: — Earnings paid by the retirees who did not have a pension when they were discharged from the Pension Plan by virtue of death, disability, or for any other reason; — Amounts paid to or in respect of each person who died; — Amounts paid on behalf of retirees with disabilities who were covered by another plan or plan benefit, or both, and not covered by a pension plan of the City; — Cash paid from the pension fund to retirees to provide the benefit; — Amounts made or distributed from assets under the Pension Fund; — Amounts paid upon the death of an insured for benefits under a Pension Plan; — Tax year 2017-16. It is important to take the following into account when discussing pension plan data. Each month's form is subject to change at any time, and the figures may not match up exactly as they appear in the income summary. The amounts may be slightly different because it is calculated from the most current data available. Income Amounts (2016) For the first six months of 2017, earnings on the earnings base increased by 11,450, of which 1,900,000, or 62%, was payroll deductions. The base that is used to calculate benefits is the earnings base of retirees of whom at least one was on a pension.
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