2013_0610_packet - Laserfiche WebLink

Home

If there is no surviving spouse and there are no surviving children, the benefit shall be disbursed to the member’s designated beneficiary. If no beneficiary has been designated, the benefit shall be paid as a death benefit to the estate if the deceased member was an active or deferred firefighter at the time of death. The total survivor benefit amount payable to a designated beneficiary of a deceased member may not exceed one (1) monthly benefit distribution. If there are no surviving children, the member’s spouse may waive, in writing, wholly or partially, the spouse’s entitlement to a survivor benefit. The Board of Trustees when acting as the Board of Trustees, is hereby authorized to direct payment of said service pension provided that all qualifications are met as set forth herein. All applications for benefits must include a certified copy of the death certificate of the pensioner. Section 42A Post-Retirement Increases Whenever the amount of the service pension per year of service credit is increased for active members of the Association upon their qualification therefor, the amount of the service pension payable to each Pensioner or other retirement benefit recipient receiving a service pension as of January 1, 1980 and thereafter, may be increased by the same amount per year of service credit. Section 43 Monthly Service Pension The monthly service pension payable to an eligible retiring member shall be equal to not exceed the Maximum Service Pension determined by reference pursuant to Minnesota Statutes §424A.02 Subd. 3, incorporated by reference, based upon the average amount of st available financing per active covered firefighter determined on or before August 1 of each year as provided by Section 25 herein. Payment of all service pensions (monthly, lump-sum and deferred) shall commence on st the First (1) day of the month next following approval of the application by the Board of Trustees. Payment shall terminate on the later of (a) the date of death of the Pensioner, or (b) the date of death or remarriage of the Surviving Spouse; or (c) when no child or children of the Pensioner are minors. The total survivor benefit payable to the designated beneficiary or estate of a deceased member may not exceed one (1) monthly benefit distribution.