9.1. SR 11-16-2015 - Laserfiche WebLink

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ARTICLE VII LONG-TERM DISABILITY SECTION 1. If a member of this association shall became totally and permanently disabled in the line of duty to the extent that a physician or surgeon acceptable to the Board of Trustees shall certify that such disability will permanently prevent that member from performing the member's duties in the Fire Department, the Association shall pay the sum of$5167.00 for each year and fractions of a year that the member has served as an active member of said Fire Department, without regard to minimum or partial vesting requirements. The member shall be eligible to receive the disability benefit immediately upon approval of the Board of Trustees. ARTICLE VIII DEATH BENEFITS AND PENSIONS SECTION 1. Upon the death of any member of the association who is in good standing at the time of his/her death, the association shall pay to the surviving spouse, if any, and if there is no surviving spouse, to surviving children, if any, and if no child or children survive to the estate of such deceased member, the sum of$5167.00 for each year and fractions of year that the member served as an active member of Elk River Fire Department, or a minimum equivalent to three times the yearly rate of the retirement benefits. SECTION 2. The association shall pay to each member who shall have served as an active firefighter in the Elk River Fire Department for a period of twenty (20) years or more prior to his/her resignation from said Fire Department, and who has reached the age of fifty (50) years or more, and who has been a member in the association for at least five (5) years, the sum of$5167.00 for each year and fractions of a year that the member has served as an active member of said Fire Department. SECTION 3. A member of the association who shall have served in the Elk River Fire Department for as least twenty (20) years, but has not reached the age of fifty (50) years, and provided that, at that time, he/she has been a member of the of the association for at least five (5) years, upon application therefore he/she shall be paid the sum of$5167.00 for each year and fractions of year that the member served as an active firefighter in the Elk River Fire Department. During the time that a member is on the deferred pension roll, he/she shall continue to pay his/her dues, and he/she will not be eligible to receive any benefits provided for in ARTICLE VII. SECTION 4. During the time that a member is under age 50 and on the deferred pension roll, the Association shall add interest to the deferred benefit amount, compounded annually, at a rate equal to five percent. When a member reaches age 50 interest will no longer be added to the deferred benefit amount. SECTION 5. If a member shall have served for more than five (5) years, but less than twenty (20) years as an active firefighter in the Elk River Fire Department, he/she may retire from said fire department and be placed on the early vested pension roll. When he/she reaches the age of fifty (50)