Examples of PFRS in a sentence
Trust Distributions.Upon receipt of written instructions (including those delivered by Electronic Means) from the Chief Financial Officer, who shall act in accordance with the City's budgetary procedures, the Trustee shall transfer Trust assets to GRS, PFRS or the Plans in the amounts and at the times directed by the Chief Financial Officer; provided however, that no transfer shall be made before July 1, 2023.
For purposes of this Section 10.03 and notwithstanding any provision of this Agreement to the contrary, the Trust's liabilities shall not Include (and shall not be construed to include) any transfers to GRS, PFRS or the Plans.
In the absence of such written instructions, the Trustee shall not make any distributions to GRS, PFRS or the Plans.