The Excess benefit plan was established effective October 1, 2000, to fund the excess, if any, of the benefit earned under the GESE Trust without taking into account the Internal Revenue Code (IRC) Section 415 limits.

Membership consists of members of the GESE Trust who exceed the maximum benefit.  There are no member contributions or plan assets in the plan.

The Excess benefit plan is an unfunded plan with benefits funded from the City’s general fund.  The City contributes the actuarially determined amount necessary to fund the excess retirement benefits which reduces the normal pension costs by the same amount.