My WebLink
|
Help
|
About
|
Sign Out
Home
2015_0406_CCpacket
Roseville
>
City Council
>
City Council Meeting Packets
>
2015
>
2015_0406_CCpacket
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/24/2015 3:03:46 PM
Creation date
7/21/2015 9:46:05 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
170
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Attachment A <br />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 to Minnesota Statutes §424A.02 Subds. 3 and 8 <br />and shall be the aggregate of the Maximum Lump Sum Service Pension amount payable <br />for each Year of Service as 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 Spouse. If there <br />is not a Surviving Spouse, it 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 />Section 44A Less Than 20 Years Service <br />Notwithstanding anything to the contrary in these Bylaws, a member who separates from <br />active service and who has been a member of this Association for at least ten (10) years, <br />but less than twenty (20) years, and who has completed not less than ten (10) years of <br />active service as an active firefighter, shall upon attaining the age of fifty (50) years be <br />entitled to receive a lump sum service pension in such amount as is earned to the date of <br />separation from active service for each full year of service completed as follows: <br />COMPLETED YEARS PRO RATE SERVICE <br />OF SERVICE PENSION AMOUNT <br />10 60% <br />11 64% <br />12 68% <br />13 72% <br />14 76% <br />15 80% <br />16 84% <br />17 88% <br />18 92% <br />19 96% <br />20 and thereafter 100% <br />Qualification for receipt of benefits shall be conclusively determined by the Board of <br />Trustees only upon completion of the following by the separating member: <br />1. Execution of a Severance Statement and Acknowledgment of <br />Forfeiture by the member in the form provided by the Association, <br />within thirty (30) days next following separation from active service. <br />2. Within thirty (30) days next following the attainment of the age of fifty <br />� <br />
The URL can be used to link to this page
Your browser does not support the video tag.