SF 2741

as introduced - 88th Legislature (2013 - 2014) Posted on 03/18/2014 09:41am

A bill for an act
relating to retirement; authorizing volunteer firefighter relief associations to pay
Minnesota State Fire Chiefs Association dues from their special funds; amending
Minnesota Statutes 2012, section 424A.05, subdivision 3.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2012, section 424A.05, subdivision 3, is amended to read:

Subd. 3.

Authorized disbursements from special fund.

Disbursements from the
special fund may not be made for any purpose other than one of the following:

(1) for the payment of service pensions to retired members of the relief association if
authorized and paid under law and the bylaws governing the relief association;

(2) for the purchase of an annuity for the applicable person under section 424A.015,
subdivision 3, for the transfer of service pension or benefit amounts to the applicable
person's individual retirement account under section 424A.015, subdivision 4, or to the
applicable person's account in the Minnesota deferred compensation plan under section
424A.015, subdivision 5;

(3) for the payment of temporary or permanent disability benefits to disabled
members of the relief association if authorized and paid under law and specified in amount
in the bylaws governing the relief association;

(4) for the payment of survivor benefits or for the payment of a death benefit to the
estate of the deceased active or deferred firefighter, if authorized and paid under law and
specified in amount in the bylaws governing the relief association;

(5) for the payment of the fees, dues and assessments to the Minnesota State Fire
Department Association and to the Minnesota deleted text begin Area Relief deleted text end new text begin State Fire Chiefs new text end Association
deleted text begin Coalition deleted text end in order to entitle relief association members to membership in and the benefits
of these associations or organizations;

(6) for the payment of insurance premiums to the state Volunteer Firefighters Benefit
Association, or an insurance company licensed by the state of Minnesota offering casualty
insurance, in order to entitle relief association members to membership in and the benefits
of the association or organization; and

(7) for the payment of administrative expenses of the relief association as authorized
under section 69.80.

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment.
new text end