423B.04 RELIEF ASSOCIATION AND RETIREMENT FUND.
Subdivision 1.
Relief association. The active and retired members of the police department
of the city of Minneapolis and their surviving spouses shall maintain the Minneapolis Police
Relief Association.
Subd. 2.
Pension fund. This association shall create, maintain, and administer a police
officer's pension fund for the benefit of its members, and their survivors and beneficiaries. The
sources of revenue of the fund are governed by section
423B.06. The authorized disbursements
from the fund are governed by section
423B.07.
Subd. 3.
Membership. All members as defined in section
423B.01 are members of the
Minneapolis Police Relief Association.
Subd. 4.
Management of relief association and fund. The board created in section
423B.05
shall manage and control the fund.
History: 1992 c 471 art 1 s 4