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BYLAWS <br />over any sum which has been assigned. <br />Elk River Fire Department Relief Association <br />6.3.4 No provision which places limits on benefits as contained within Section 415 of the Internal Revenue <br />Code shall be exceeded. Plan participants cannot receive an annual benefit greater than the amount specified in <br />Section 415 of the code as may be subsequently amended. <br />6.3.5 No ancillary benefit or combination of benefits payable may exceed in amount the total earned service <br />pension of the member or former member. <br />ARTICLE VII <br />AMENDMENTS <br />7.1 The Bylaws of this Association may be amended at any regular or special meeting of the Association by a <br />favorable vote of two-thirds (2/3) of the members present and voting, providing a quorum is present; and provided <br />further that notice of any proposed amendment or amendments has been given, electronically mailed to each member <br />or mailed to each member at their last known address not more than 31 days preceding the date upon which such <br />amendment or amendments are to be acted upon, and not less than 10 days prior to the scheduled date of such <br />meeting; and provided further, that if such amendment or amendments shall change the amount of benefits or <br />pensions, approval of the City Council of the City of Elk River must be obtained, as required by Minn. Stat. <br />§69.772, subd. 4. <br />ARTICLE VIII <br />MUNICIPAL RATIFICATION <br />8.1 The adoption of, or any amendment to the Articles or Bylaws of this Association which increases or <br />otherwise affects the retirement coverage provided by, or the service pensions or retirement benefits payable from the <br />Special Fund of this Association, shall not be effective until it is ratified by the City Council of the City of Elk <br />River. <br />A. At a duly called regular meeting thereof, the Elk River Fire Department Relief Association did amend on the <br />29th day of October 2015, the BYLAWS. Which amendments were approved by the Elk River City Council <br />on the 7th day of December, 2015. <br />Relief Association President Relief Association Secretary <br />Mayor <br />* Refer to Policies of the Board Page 9 <br />City Clerk <br />