§ 24-12-108. Deposit of moneys
The board shall deposit all moneys in the bank selected as the fiscal agent of the city in which it is located, but only if the moneys draw the same rate of interest as the city receives on its deposits. Otherwise, the board shall make its own selection of the bank.
§ 24-12-109. Investment
(a) The board of trustees of the pension and relief fund for paid nonuniformed employees shall have the power to draw sums from its treasury to invest in the name of the board of trustees of the pension and relief fund for paid nonuniformed employees in interest-bearing bonds of the United States, of the State […]
§ 24-12-110. Payments
(a) Except as provided in subsection (c) of this section, all moneys paid from the pension and relief fund for paid nonuniformed employees shall be paid by the treasurer only upon warrants signed by the chair and countersigned by the secretary thereof. (b) Except as provided in subsection (c) of this section, no warrant shall […]
§ 24-12-111. Moneys added to fund — Refunds
(a) There shall be added to the fund pension and relief fund for paid nonuniformed employees the following moneys: (1) All moneys given or donated to the fund; and (2) Not less than six percent (6%) of the monthly salary of each employee, to be deducted each month by the city or its proper agency […]
§ 24-12-112. Proration upon insufficiency of fund
If at any time there should not be sufficient money in the pension and relief fund for paid nonuniformed employees to pay each person a full amount to which he or she may be entitled, the beneficiaries shall be paid by prorating the fund available among them in accordance with the respective benefits being received […]
§ 24-11-830. Deferred retirement option plan
(a) In lieu of terminating employment and accepting a service retirement pension pursuant to this subchapter, any full-paid firefighter who is a member of a firemen’s relief and pension fund who has not less than twenty (20) years of credited service and who is eligible to receive a service retirement pension may elect to participate […]
§ 24-12-113. Report on condition of fund
The board of trustees of the pension and relief fund for paid nonuniformed employees shall report to the council, city commissioner, or city clerk of the city on the condition of the pension and relief fund for paid nonuniformed employees on the first regular meeting in January of each year.
§ 24-11-832. Applicability of § 24-11-820
The provisions of § 24-11-820(b)(1) and (2) extending the survivorship benefits for children of deceased firefighters through their college years shall apply retroactively to any situation involving a surviving child that began on or after January 1, 1996.
§ 24-12-114. Subjection of fund to legal process
(a) No portion of the pension and relief fund for paid nonuniformed employees shall at any time be subject to seizure or to be levied on under any process whatsoever for the payment of any claim or debts held against any disabled or retired employee or the surviving spouse, dependent parent, or minor children under […]
§ 24-11-814. Subjection of fund to legal process
(a) Either before or after its order of disbursement by the board to disabled members of the fire department, or to the surviving spouse, guardian of any minor children, or dependent parent of the deceased or retired member of the department, no portion of the firemen’s relief and pension fund shall be held, seized, taken, […]