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2013_0610_packet
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2013_0610_packet
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6/6/2013 2:49:56 PM
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The Board of Trustees shall establish from time to time the form of Application required <br />to be submitted with such supporting documents as may be necessary, by an applicant for <br />death or service pension benefits. In the event that the Board of Trustees shall determine <br />that payments made to a Pensioner, a Surviving Spouse or to a minor child or minor <br />children, in error, the Board of Trustees shall be entitled to reclaim the erroneous <br />payments without interest and the recipient by acceptance of the payment, agrees to <br />forthwith reimburse the Association to the full extent of payments made in error. <br />All applications for benefits must include a certified copy of the death certificate of the <br />pensioner. <br />Section 44 Lump Sum Service Pension <br />The Board of Trustees is authorized, at the option of the eligible retiring member, to pay <br />a service pension to the retiring member in a lump sum, or upon written election of the <br />retiring member, in up to three (3) consecutive annual installments. The amount of the <br />payment pursuant to this Section 44, whether payable in a lump sum or on an installment <br />basis shall be determined by reference pursuant to Minnesota Statutes §424A.02 Subds. 3 <br />and 8, incorporated by reference, and shall be the not exceed the aggregate of the <br />Maximum Lump Sum Service Pension amount payable for each Year of Service as <br />determined and adjusted therein for installment payment. <br />Any person electing to receive, a lump sum or installment distribution as provided herein, <br />shall thereby waive any right or claim to share in increases in the pension benefits <br />payable, if any. In the event that the Pensioner dies after making such election but before <br />receiving the lump sum, or dies in the course of the three (3) year installment payment <br />period, the benefit so elected shall be paid, as elected, to the surviving minor children pro <br />rata. If there shall be no Surviving Spouse or minor children, payment of benefits shall <br />not be made or shall cease, if previously commenced. <br />A survivor benefit, as elected, shall be disbursed to the member’s surviving spouse upon <br />the death of a member who dies after making such election but before receiving the lump <br />sum or dies in the course of the three (3) year installment period. <br />If there is no surviving spouse, the benefit shall be disbursed to the member’s surviving <br />children. <br />If there is no surviving spouse and there are no surviving children, the benefit shall be <br />disbursed to the member’s designated beneficiary. <br />If no beneficiary has been designated, the benefit shall be paid as a death benefit to the <br />estate if the deceased member was an active or deferred firefighter at the time of death. <br /> <br />
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