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07.01 - Benefit Level Increase and Bylaws
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04-03-2012 Council Meeting
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07.01 - Benefit Level Increase and Bylaws
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Trustees shall certify that such disability will permanently prevent that member from performing <br />�- the member's duties in the Fire Department, the Association shall pay the amount per year of <br />service as shown in Appendix A for each year that the member served as an active firefighter in <br />the Fire Department, without regard to minimum or partial vesting requirements. The member <br />shall be eligible to receive the disability benefit immediately upon approval of the Board of <br />Trustees. <br />ARTICLE XII - AMENDMENTS <br />If the Special Fund of the Association has a deficit, that is, it does not have a surplus over full <br />funding pursuant to Minn. Stat. §69.772, subd. 3(2)(e), or if the City is required to provide <br />financial support to the Special Fund of the Association pursuant to Minn. Stat. §69.772, the <br />adoption of any amendment to the bylaws of the Association which increases or otherwise <br />affects the retirement coverage provided by or retirement benefits payable from the Special Fund <br />of the Association shall not be effective until it is ratified by the City Council of the City, and the <br />officers of the Association shall not seek City ratification prior to preparing and certifying an <br />estimate of the expected increase in the accrued liability and annual accruing liability of the <br />Association attributable to the amendment. <br />If the Special Fund of the Association has a surplus over full funding pursuant to Minn. Stat. <br />§69.772, subd. 3, (2)(e), and if the City is not required to provide financial support to the Special <br />Fund of the Association pursuant to Minn. Stat. §69.772, the Association may adopt or amend its <br />� bylaws of the Association which increases or otherwise affects the retirement coverage provided <br />by or service pensions payable from the Special Fund of the Association, which shall be effective <br />without ratification by the City Council so long as this does not cause the amount of the resulting <br />increase in the accrued liability of the Special Fund of the Association to exceed 90 percent of <br />the amount of the prior surplus over full funding, and this does not result in the financial <br />requirements of the Special Fund of the Association exceeding the expected amount of the future <br />state fire aid to be received by the Association as determined by the board of trustees following <br />the preparation of an estimate of the expected increase in the accrued liability and annual <br />accruing liability of the Association attributable to the change. <br />If the Association adopts or amends its bylaws without city ratification pursuant to Minn. Stat. <br />§69.772, and, subsequent to the amendment or adoption, the financial requirements of the <br />Special Fund of the Association pursuant to Minn. Stat. §69.772 are such so as to require <br />financial support from the City, the provision which was implemented without city ratification <br />shall no longer be effective without city ratification and any service pensions or ancillary <br />beneiits payable after that date shall be paid only in accordance with the bylaws as amended or <br />adopted with city ratification. <br />Amendments to the bylaws, other than those amendments which increase or otherwise affect the <br />retirement coverage, may be adopted at any regular or special meeting of the Association with a <br />favorable vote of 2/3 of the members present and voting, provided a quorum is present, and <br />provided further, notice of any proposed amendment or amendments shall be given by reading at <br />� a regular or special meeting not more than 31 days preceding the date on which the amendment <br />
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