Section 45-49A-63.151 – Exclusive Benefit Rule.
Section 45-49A-63.151 Exclusive benefit rule. Except as otherwise provided in the plan, no part of the corpus or income of the fund shall be used for, or diverted to, purposes other than for the exclusive benefit of members and beneficiaries entitled to benefits under the plan and paying plan expenses not otherwise paid by the […]
Section 45-49A-63.120 – Appointment of Board.
Section 45-49A-63.120 Appointment of board. (a) The board is responsible for the general administration of the plan and for carrying out the plan. The board shall consist of (i) three members to be elected from the uniformed officers in the city’s police department by the uniformed officers in that department, (ii) three members to be […]
Section 45-49A-63.170 – Amendment of Plan.
Section 45-49A-63.170 Amendment of plan. (a) The board, with approval by a majority vote of the city council or like governing body of the city, reserves the right at any time and from time to time, and retroactively if deemed necessary or appropriate, to amend in whole or in part any or all of the […]
Section 45-49A-63.121 – Elections.
Section 45-49A-63.121 Elections. All elections of uniformed officers to the board shall be by secret ballot and shall be administered by the city clerk. Elections shall be held no more than six weeks and no less than two weeks prior to the expiration date for the term of any elected member of the board, as […]
Section 45-49A-63.171 – Termination of Plan.
Section 45-49A-63.171 Termination of plan. The city may terminate the plan with the consent of the majority of the plan’s members at the time of the termination, for any reason at any time. In case of termination of the plan, the rights of members to their benefits as of the date of the termination, to […]
Section 45-49A-63.122 – Vacancies.
Section 45-49A-63.122 Vacancies. Vacancies among the elected members of the board shall be filled by special election to be called by the city clerk not later than 30 days after the vacancy occurs. Vacancies among the appointed members of the board shall be filled by appointment as soon as practicable after such vacancy occurs. (Act […]
Section 45-49A-63.172 – Limitation Concerning Highly Compensated Employees or Highly Compensated Former Employees.
Section 45-49A-63.172 Limitation concerning highly compensated employees or highly compensated former employees. (a) This section shall apply (i) in the event the plan is terminated, to any member who is a highly compensated employee of the city and (ii) in any other event, to any member who is one of the 25 highly compensated employees […]
Section 45-49A-63.123 – Duties of Board.
Section 45-49A-63.123 Duties of board. (a) The members of the board shall elect a chair from their number; may appoint from their number such subcommittees with such powers as they shall determine; may authorize one or more of their number or any agent to execute or deliver any instrument or make any payment on their […]
Section 45-49A-63.190 – Nonalienation.
Section 45-49A-63.190 Nonalienation. Except as required by any applicable law, no benefit under the plan shall in any manner be anticipated, assigned, or alienated, and any attempt to do so shall be void. (Act 97-689, p. 1379, §11(10.01).)
Section 45-49A-63.124 – Establishment of Rules.
Section 45-49A-63.124 Establishment of rules. Subject to the limitations of the plan, the board from time to time shall establish rules for the administration of the plan and the transaction of its business. The board shall have discretionary authority to interpret the plan and to make factual determinations including, but not limited to, determination of […]