Departure of Directors or Certain


On December 2, 2020, the Federal Home Loan Bank of Topeka (FHLBank) received non-objection from the Federal Housing Finance Agency regarding amendments to FHLBank’s Benefit Equalization Plan (BEP) and an associated resolution. The amended BEP, and the associated resolution, were approved by FHLBank’s board of directors on October 30, 2020.


The BEP is an unfunded non-qualified retirement plan that is primarily intended to provide the deferral of compensation for a selected group of management, highly compensated employees, an directors (Members). The revisions to the BEP add a Section 4.02(c) to provide that effective January 1, 2020, FHLBank may credit to a Member’s account an employer nonelective thrift benefit contribution. In conjunction with the amendments to the BEP , FHLBank’s board adopted a resolution to provide any member who is an employee of the FHLBank on or after October 30, 2020 a nonelective contribution under Section 4.02(c) in an amount equal to the employer contribution that would be credited under Section 6-2 of FHLBank’s Thrift Plan for the calendar year, determined as if the provisions of the Thrift Plan were administered without regard to Internal Revenue Code limitations, and reduced by the actual employer contributions made to the Member’s account under Section 6-2 of the Thrift Plan. The revisions also clarify the beneficiary designation process and the process to be followed in the event FHLBank is unable to locate a Member to whom a benefit is due.


The foregoing summary of the BEP is qualified in its entirety by reference to the BEP attached hereto as Exhibit 10.1, which is incorporated herein by reference.


 


Item 9.01. Financial Statements and Exhibits.


(d) Exhibits


10.1 Amended and Restated Benefit Equalization Plan, effective October 30, 2020

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Exhibit Index  


 


 

Item 9.01. Financial Statements and Exhibits.


(d) Exhibits


10.1 Amended and Restated Benefit Equalization Plan, effective October 30, 2020.












 



 



 





 



 



 





 



 



 




 



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SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 






 



 



Federal Home Loan Bank of Topeka





  



 



 



 



 





December 8, 2020



 



By:



 



/s/ Matt Koupal





 



 



 



 



 





 



 



 



 



Name: Matt Koupal





 



 



 



 



Title:

FVP, Associate General Counsel, Director of Legal Services and Compliance, Corporate Secretary




 


 



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