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• 15 80 percent 16 84 percent 17 88 percent 18 92 percent 19 96 percent 20 and thereafter 100 percent Section 12.2. In the event any member of the Falcon Heights Fire Department with at least five (5) years or more of active service on the Falcon Heights Fire Department resigns or otherwise becomes a nonmember, where that person was an active member of the Falcon Heights Fire Department at any time during the period from June 2, 1992 to November 4, 1997, that person shall be entitled to an unreduced service pension. The service pension may be paid when the retiring member meetings the minimum age requirement of Minnesota Statutes, Section 424A.02, Subdivision 1. • Article XIII -Deferred Pension Status Section 13.1. Deferred pension rolls. A member of the Association who has served as an active firefighter in the Fire Department for at least five (5) years, but has not reached the age of 50 years, may retire from said fire department and be placed on the deferred pension roll. Upon reaching the age of 50 years, and provided that membership in the Association has been maintained for at least five (5) years, upon approval of a valid written application therefor, such member shall be paid the base sum for each year of active service in said fire department as was payable at the time of retirement from active service in said fire department and reduced pursuant to the early vesting schedule in Article XII -Early Vesting. A member who is on the deferred pension roll shall not be eligible to receive any of the ancillary benefits provided for in these By-laws except those that are specified in section 3 of this article. Section 13.2. Interest Paid on Account Balance. Section 2. Interest paid. The association shall, annually, add to the deferred member's account, such interest, compounded annually, at an interest rate of 5%. Section 13.3. Valuation of Accounts. A deferred member's account balance shall be adjusted based on any valuation ordered by the board of trustees during or at year end. Accounts shall be assessed administrative fees and fund management fees in proportion to the member's account balance. Deferred members shall also share in the gains and 'a S~