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years, and provided that at that time, he has been a member of the association for at least five (5) years, <br /> he/she shall upon application therefore, be paid in the following manner: <br /> a) For active duty of more than five (5) years, but less than six (6) years, 40% of the <br /> amount per year of service which would have been earned had a member served 20 <br /> years or more. <br /> b) For active duty of more than six (6) years, but less than twenty (20)Years, 4% of <br /> the amount per year of service which would have been earned, had the member <br /> served for 20 years or more, shall Be added to all the years of service for each <br /> additional year of service between 6 and 20 years. <br /> c) During the time that any member is on early vested pension roll, he/she shall <br /> continue to pay his/her dues and he/she will not be eligible to receive any of the <br /> benefits provided for in ARTICLE VII. Pensions payable to members on early <br /> vested pension roll shall be based on the amount payable per year of service in <br /> effect at the time of such early retirement. <br /> ARTICLE IX <br /> AMENDMENTS <br /> SECTION 1. The bylaws of this association may be amended at any regular or special meeting of the <br /> association by a favorable vote of 2/3 of the members present and voting, provided that a quorum is <br /> present, and provided further that notice of any proposed amendment or amendments shall be given by <br /> reading the same at a regular or special meeting not more than 31 days next preceding the date upon <br /> which such amendment or amendments are to acted upon, and that a notice be mailed or emailed to <br /> each member at his last known address not less than ten (10) days prior to such meeting, and provided <br /> further, that such amendment or amendments shall change the amount of benefits or pensions, approval <br /> of the City Council of Elk River must be obtained before such change may take effect. <br />