Section 424A.016 — Defined Contribution Volunteer Firefighters Relief Association Specific Regulation.
424A.016 DEFINED CONTRIBUTION VOLUNTEER FIREFIGHTERS RELIEF ASSOCIATION SPECIFIC REGULATION. Subdivision 1. Defined contribution relief association authorization. If the articles of incorporation or the bylaws governing the volunteer firefighters relief association so provide exclusively, the relief association may pay a defined contribution lump-sum service pension instead of a defined benefit service pension governed by section 424A.02. […]
Section 424A.02 — Defined Benefit Relief Associations; Service Pensions.
424A.02 DEFINED BENEFIT RELIEF ASSOCIATIONS; SERVICE PENSIONS. Subdivision 1. Authorization. (a) A defined benefit relief association, when its articles of incorporation or bylaws so provide, may pay out of the assets of its special fund a defined benefit service pension to each of its members who: (1) separates from active service with the fire department; […]
Section 424A.021 — Credit For Break In Service To Provide Uniformed Service.
424A.021 CREDIT FOR BREAK IN SERVICE TO PROVIDE UNIFORMED SERVICE. Subdivision 1. Authorization. Subject to restrictions stated in this section, a volunteer firefighter who is absent from firefighting service due to service in the uniformed services, as defined in United States Code, title 38, section 4303(13), may obtain service credit if the relief association is […]
Section 424A.03 — Volunteer Firefighter Service Pension And Retirement Benefits Based On Service.
424A.03 VOLUNTEER FIREFIGHTER SERVICE PENSION AND RETIREMENT BENEFITS BASED ON SERVICE. Subdivision 1. Service pensions based on years of service. A relief association must provide service pensions or retirement benefits to its members based on the years of service of the members, not on the compensation paid to the members for their service. Subd. 2. […]
Section 424A.04 — Volunteer Relief Associations; Board Of Trustees.
424A.04 VOLUNTEER RELIEF ASSOCIATIONS; BOARD OF TRUSTEES. Subdivision 1. Membership. (a) A relief association that is directly associated with a municipal fire department must be managed by a board of trustees consisting of nine members. Six trustees must be elected from the membership of the relief association and three trustees must be drawn from the […]
Section 424A.05 — Relief Association Special Fund.
424A.05 RELIEF ASSOCIATION SPECIAL FUND. Subdivision 1. Establishment of special fund. Every volunteer firefighters relief association shall establish and maintain a special fund within the relief association. Subd. 2. Special fund assets and revenues. The special fund must be credited with all fire state aid and police and firefighter retirement supplemental state aid received under […]
Section 424A.06 — Relief Association General Fund.
424A.06 RELIEF ASSOCIATION GENERAL FUND. Subdivision 1. Establishment of general fund. A volunteer firefighters relief association may establish and maintain a general fund within the relief association. Subd. 2. General fund assets and revenues. (a) The general fund, if established, must be credited with the following: (1) all money received from dues other than dues […]
Section 424A.07 — Nonprofit Firefighting Corporations; Establishment Of Relief Associations.
424A.07 NONPROFIT FIREFIGHTING CORPORATIONS; ESTABLISHMENT OF RELIEF ASSOCIATIONS. Before paying any service pensions or retirement benefits under section 424A.02 or before becoming entitled to receive any amounts of fire state aid upon transmittal from a contracting municipality under section 477B.04, subdivision 3, an independent nonprofit firefighting corporation shall establish a volunteer firefighters relief association governed […]
Section 424A.001 — Definitions.
424A.001 DEFINITIONS. Subdivision 1. Terms defined. Unless the context clearly indicates otherwise, as used in this chapter, the terms defined in this section have the meanings given. Subd. 1a. Ancillary benefit. “Ancillary benefit” means a benefit payable from the special fund of the relief association other than a service pension that is permitted by law […]
Section 424A.002 — Authorization Of New Or Continuing Volunteer Firefighters Relief Associations.
424A.002 AUTHORIZATION OF NEW OR CONTINUING VOLUNTEER FIREFIGHTERS RELIEF ASSOCIATIONS. Subdivision 1. Authorization. A fire department, with approval by the applicable municipality or municipalities, may establish a new volunteer firefighter relief association or may retain an existing volunteer firefighter relief association. A fire department may be associated with only one volunteer firefighter relief association at […]