Section 424B.13 — Conversion Of Relief Association Defined Benefit Plan To Defined Contribution Plan.
424B.13 CONVERSION OF RELIEF ASSOCIATION DEFINED BENEFIT PLAN TO DEFINED CONTRIBUTION PLAN. Subdivision 1. Authority to initiate conversion. (a) The board of trustees of a defined benefit relief association may convert the defined benefit plan to a defined contribution plan in accordance with this section. (b) A conversion consists of: (1) termination of the defined […]
Section 424B.22 — Relief Association Dissolution And Retirement Plan Termination.
424B.22 RELIEF ASSOCIATION DISSOLUTION AND RETIREMENT PLAN TERMINATION. Subdivision 1. Application. (a) Notwithstanding any laws to the contrary, this section applies to: (1) the termination of a retirement plan established and administered by a relief association, whether or not the relief association is also dissolved or eliminated; and (2) the dissolution of a relief association […]
Section 424B.02 — Consolidation Authorized.
424B.02 CONSOLIDATION AUTHORIZED. Subdivision 1. Initiation. (a) With the approval of the governing body of each applicable municipality, two or more relief associations associated with fire departments serving contiguous fire districts may initiate the consolidation of the relief associations into a subsequent relief association. (b) Initiation of a consolidation action must occur through the proposal […]
Section 424B.001 — Application Of Chapter 424a.
424B.001 APPLICATION OF CHAPTER 424A. This chapter must be read in conjunction with chapter 424A. For the purposes of this chapter, the definitions and other provisions of chapter 424A apply where not inconsistent with this chapter. History: 2021 c 22 art 10 s 6
Section 424B.01 — Definitions.
424B.01 DEFINITIONS. Subdivision 1. Generally. Unless the context of the provision indicates that a different meaning is intended, each of the terms in the following subdivisions has the meaning indicated. Subd. 2. Applicable municipality. “Applicable municipality” means the municipality or municipalities in which a consolidating relief association is located and to which a consolidating relief […]