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2015_0608_CCpacket
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2015_0608_CCpacket
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Attachment A <br />surviving minor child or minor children in the event that there was no Surviving Spouse of <br />the deceased shall continue during said child or children's minority. The Board of Trustees <br />when acting as the Board of Trustees, is hereby authorized to direct payment of said <br />service pension provided that all qualifications are met as set forth herein. <br />All applications for benefits must include a certified copy of the death certificate of the <br />pensioner. <br />Section 42A Post-Retirement Increases <br />Whenever the amount of the service pension per year of service credit is increased for <br />active members of the Association upon their qualification therefore, the amount of the <br />service pension payable to each Pensioner or other retirement benefit recipient receiving a <br />service pension as of January 1, 1980 and thereafter, may be increased by the same <br />amount per year of service credit. <br />Section 43 Monthly Service Pension <br />The monthly service pension payable to an eligible retiring member shall be equal to the <br />Maximum Service Pension determined by reference to Minnesota Statutes §424A.02 <br />Subd. 3 based upon the average amount of available financing per active covered <br />firefighter determined on or before August 1 st of each year as provided by Section 25 <br />herein. <br />Payment of all service pensions (monthly, lump-sum and deferred) shall commence on the <br />First (1St) day of the month next following approval of the application by the Board of <br />Trustees. <br />Payment shall terminate on the latter of (a) the date of death of the Pensioner, or (b) the <br />date of death or remarriage of the Surviving Spouse; or (c) when no child or children of the <br />Pensioner are minors.- <br />The Board of Trustees shall establish from time to time the form of Application required to <br />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 payments <br />without interest and the recipient by acceptance of the payment, agrees to forthwith <br />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 a <br />service pension to the retiring member in a lump sum, or upon written election of the <br />17 <br />
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