Section 424A.092 — Relief Associations Paying Lump-sum Service Pensions.
424A.092 RELIEF ASSOCIATIONS PAYING LUMP-SUM SERVICE PENSIONS. Subdivision 1. Application. This section shall apply to any firefighters relief association specified in section 424A.091, subdivision 1, which pays a lump-sum service pension, but which does not pay a monthly service pension, to a retiring firefighter when at least the minimum requirements for entitlement to a service […]
Section 424A.093 — Relief Associations Paying Monthly Service Pensions.
424A.093 RELIEF ASSOCIATIONS PAYING MONTHLY SERVICE PENSIONS. Subdivision 1. Application. (a) This section applies to any firefighters relief association specified in section 424A.091, subdivision 1, which pays or allows for an option of a monthly service pension to a retiring firefighter when at least the minimum requirements for entitlement to a service pension specified in […]
Section 424A.094 — Nonprofit Firefighting Corporations.
424A.094 NONPROFIT FIREFIGHTING CORPORATIONS. Subdivision 1. Authorized inclusion in fire state aid program; covered nonprofit corporations. (a) This section applies to any independent nonprofit firefighting corporation incorporated or organized under chapter 317A which: (1) operates exclusively for firefighting purposes; (2) which is composed of volunteer firefighters; and (3) which has a duly established separate subsidiary […]
Section 424A.014 — Financial Report; Bond; Examination.
424A.014 FINANCIAL REPORT; BOND; EXAMINATION. Subdivision 1. Financial report and audit. (a) An annual financial report and audited financial statements in accordance with paragraphs (c) to (e) must be submitted by the board of trustees of the Bloomington Fire Department Relief Association and the board of trustees of each volunteer firefighters relief association with special […]
Section 424A.015 — Generally Applicable Volunteer Firefighters Relief Association Pension Plan Regulation.
424A.015 GENERALLY APPLICABLE VOLUNTEER FIREFIGHTERS RELIEF ASSOCIATION PENSION PLAN REGULATION. Subdivision 1. Separation from active service; exception. (a) No service pension is payable to a person while the person remains an active member of the respective fire department, and a person who is receiving a service pension is not entitled to receive any other benefits […]
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 […]