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In this article, unless the context otherwise requires:

Administrative service provider means any entity or individual selected by the Board and contracted with by the City to provide contractual administrative services to one or more plans.

Board means the Phoenix Employees’ Deferred Compensation Board.

Employee means an incumbent or occupant of a full-time benefit eligible position as determined by the Human Resources Department.

Fiduciary means the City, individual Board Members, the Board, administrative service providers, or any agent or designee with discretionary authority for the program, any plan or any provider of services to the program.

Member means a person serving on the Phoenix Employees’ Deferred Compensation Board.

Participant means an employee of the City who has fulfilled the enrollment requirements of the program, or who is automatically a member of the program due to mandatory participation through City contributions on that employee’s behalf; or a former employee or beneficiary, individual or alternate payee, who retains benefits or other rights under the program, and has fulfilled the enrollment requirements of the program.

Plan means one or more eligible deferred compensation plans, qualified defined contribution retirement plans or annuity plans which give employees income tax benefits authorized the Internal Revenue Code of 1986, as amended.

Program means the Phoenix Employees’ Deferred Compensation Program established pursuant to section 401(a) and section 457 of the Internal Revenue Code of 1986, as amended. (Ord. No. G-4634, § 3, 2004; Ord. No. G-5444, § 3, 2009)