‏07.01 - Fire Relief By-Laws - Laserfiche WebLink

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`.. 7 Section 3 -NOTICE. It shall be the duty of each member who intends to request a service pension from the Association to file a notice of intent to take distribution. Such notice shall be in writing and shall be filed with the Secretary not less than 90 days prior to the date of retirement and submission of application for service pension. Upon receipt of the notice, the Secretary shall provide to the applicant any forms or notices required by state or federal law with respect to service pension payments. ARTICLE IX- SERVICE PENSION BENEFITS Section 1 -LUMP SUM SERVICE PENSION.Upon meeting the requirements in Section 2 of this Article, the Association shall pay the member the base sum for each year that the member has served as an active member of the Fire Department. The base sum for purposes of pension benefits or other benefits as allowed by the Bylaws shall be as stated in Appendix A, which is incorporated into these Bylaws by reference herein, and reduced pursuant to the partial vesting schedule as stated in Section 3 of this Article. Section 2 -ELIGIBILITY. To be eligible to receive a service pension a member must meet all of the following requirements: 1. Have separated from active service with the Fire Department; 2. Be at least 50 years of age; 3. Have completed at least 20 years of active in with the Association to be fully vested, and at least 10 years of active membership with the Association to be partially vested; 4. Have completed at least 20 years of active service with the Fire Department to be fully vested, and at least 10 years of active service with the Fire Department to be partially vested. Section 3 -PARTIAL VESTING SCHEDULE: Completed Years of Service: Nonforfeitable percentage of pension amount: 10 60% 11 64% 12 68% 13 72% 14 76% 15 80% 16 84% 17 88% 18 92% 19 96% 20 and thereafter 100%