2000 Minnesota Statutes

     423.371 Organization, operation. 

    Subdivision 1.    Articles, bylaws.  Each such relief 
 association shall be organized, operated, and maintained in 
 accordance with its own articles of incorporation and bylaws, by 
 police officers, as hereinafter defined, who are members of said 
 police department.  Each association shall have the power to 
 regulate its own management and its own affairs, and all 
 additional corporate powers which may be necessary or useful; 
 subject to the laws of this state pertaining to corporations, 
 not inconsistent herewith. 

    Subd. 2.    Amendments.  All associations organized or 
 duly coming under sections 423.37 to 423.392, shall have the 
 power to amend, from time to time, their articles of 
 incorporation or their bylaws, and by the amendment of their 
 bylaws from time to time, may, subject to the minimum and 
 maximum pensions hereinafter provided, increase or decrease the 
 disability and service pensions already being paid, or 
 thereafter to be paid, to disability and service pensioners, 
 their surviving spouses and children, and the surviving spouses 
 and children of deceased members, so as to maintain as nearly as 
 possible a proper relationship between the prevailing pay of 
 active members of the association and the pensions being paid, 
 or to be paid, to disability and service pensioners, and the 
 surviving spouses and children of deceased pensioners and 
 members, or to maintain the reserves accumulated in the special 
 fund of the association, on a sound and safe basis, and the 
 overall solvency of the association.  Pensions being paid by 
 such associations to disability and service pensioners, and the 
 surviving spouses and children of deceased pensioners and 
 members, at the time this provision shall go into effect, and 
 become law, shall not be reduced by any such amendment of the 
 bylaws.  The service pensions being paid retired members, and to 
 be paid existing members, shall in no event be reduced to an 
 amount less than the amount provided for disabled members now 
 receiving disability pensions, or who may hereafter be entitled 
 to receive disability pensions, and further provided that no 
 reduction shall be made in the pensions being paid to either 
 service or disability pensioners who retire from the force, 
 following their retirement, unless a pro rata reduction is 
 likewise made in the pensions to be paid members for service and 
 disability pensions who may thereafter be entitled thereto. 

    HIST: 1943 c 521 s 2; 1947 c 625 s 2; 1953 c 35 s 1; 1978 c 
 562 s 15; 1986 c 444