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Item 5b.1 PF-15 Memo 09-30-20 GeneralLaw Offices Christiansen & Dehner, P.A. Scott R. Christiansen 63 Sarasota Center Blvd. Suite 107 Sarasota, Florida 34240 941-377.2200 Fax 941-377-4848 MEMORANDUM TO: ALL PENSION PLANS FROM: SCOTT R. CHRISTIANSEN RE: REVISED ADMINISTRATIVE FORM PF -15 DATE: September 30, 2020 H. Lee Hehner (1952.2019) Recently, the Internal Revenue Service updated and amended its Safe Harbor Explanations for Eligible Rollover Distributions for Governmental Plans in accordance with IRS Notice 2020-62 with changes based on the SECURE Act and the CARES Act. Accordingly, we are enclosing a revised administrative form PF -15, Special Tax Notice Regarding Plan Payments. This Notice explains how a member can continue to defer federal income tax on lump sum payments from the Plan and contains important information each member will need before deciding how to receive lump sum plan payments. Please continue to use the current administrative form PF -16, Certification of Receipt. Please discontinue use of and discard your current form PF -15 and replace it with this new revised form dated September 30, 2020. Please feel free to contact me should you have any questions.