Laserfiche WebLink
o, <br /> - Subd. 6 MUNICIPAL RATIFICATION FOR PLAN AMMENDMENTS. IF THE SPECIAL FUND <br /> OF THE RELIEF ASSOCIATION DOES NOT HAVE A SURPLUS OVER FULL FUNDING <br /> PURSUANT TO SUBDIVISION 3, CLAUSE (2), SUBCLAUSE (e) , OR IF THE <br /> MUNICIPALITY IS REQUIRED TO PROVIDE FINANCIAL SUPPORT TO THE SPECIAL <br /> FUND OF THE RELIEF ASSOCIATION PURSUANT TO THIS SECTION,THE ADOPTION <br /> OF OR ANY AMMENDMENT TO THE ARTICLES OF INCORPORATION OR BYLAWS OF A <br /> RELIEF ASSOCIATION WHICH INCREASES OR OTHERWISE AFFECTS THE RETIREMENT <br /> COVERAGE PROVIDED BY OR THE SERVICE PENSIONS PENSIONS OR RETIREMENT <br /> BENEFITS PAYABLE FROM THE SPECIAL FUND OF ANY RELIEF ASSOCIATION TO <br /> WHICH THIS SECTION APPLIES SHALL NOT BE EFFECTIVE UNTIL IT IS RATIFIED <br /> BY THE GOVERNING BODY OF THE MUNICIPALITY IN WHICH THE RELIEF ASS- <br /> OCIATION IS LOCATED, AND THE OFFICERS OF THE RELIEF ASSOCIATION SHALL <br /> NOT SEEK MUNICIPAL RATIFICATION PRIOR TO PREPARING AND CERTIFYING AN <br /> ESTIMATE OF THE EXPECTED INCREASE IN THE ACCRUED LIABILITY AND <br /> ANNUAL ACCRING LIABILITY OF THE RELIEF ASSOCIATION ATTRIBUTABLE TO <br /> THE AMMENDMENT. IF THE SPECIAL FUND OF THE RELIEF ASSOCIATION HAS A <br /> SURPLUS OVER FULL FUNDING PURSUANT TO SUBDIVISION 3, CLAUSE (2), <br /> SUBCLAUSE (e) , AND IF THE MUNICIPALITY IS NOT REQUIRED TO PROVIDE <br /> FINANCIAL SUPPORT TO THE SPECIAL FUND OF THE RELIEF ASSOCIATION <br /> PURSUANT TO THIS SECTION, THE RELIEF ASSOCIATION MAY .ADOPT OR AM]MEND <br /> ITS ARTICLES OF INCORPORATION OR BYLAWS WHICH INCREASE OR OTHERWISE <br /> AFFECT THE RETIREMENT COVERAGE PROVIDED BY OR THE SERVICE PENSIONS <br /> OR RETIREMENT BENEFITS PAYABLE FROM THE SPECIAL FUND OF THE RELIEF <br /> ,ASSOCIATION WHICH SHALL BE EFFECTIVE WITHOUT MUNICIPAL RATIFICATION <br /> SO LONG AS THIS DOES NOT CAUSE THE AMOUNT OF THE RESULTING INCREASE <br /> IN THE ACCRUED LIABILITY OF THE SPECIAL FUND OF THE RELIEF ASSOCIATION <br /> TO EXCEED 90 PERCENT OF THE AMOUNT OF THE PRIOR SURPLUS OVER FULL <br /> FUNDING AND THIS DOES NOT RESULT IN THE FINANCIAL REQUIREMENTS OF THE <br /> SPECIAL FUND OF THE RELIEF ASSOCIATION EXCEEDING THE EXPECTED AMOUNT <br /> OF THE FUTURE FIRE STATE AID TO BE RECEIVED BY THE RELIEF ASSOCIATION <br /> AS DETERMINED BY THE BOARD OF TRUSTEES FOLLOWING THE PREPARATION OF <br /> AN ESTIMATE OF THE EXPECTED INCREASE IN THE ACCRUED LIABILITY AND <br /> ANNUAL ACCRUING LIABILITY OF THE RELIEF ASSOCIATION ATTRIBUTABLE TO <br /> THE CHANGE. IF A RELIEF ASSOCIATION ADOPTS OR AMMENDS IT ARTICLES OF <br /> INCORPORATION OR BYLAWS WITHOUT MUNICIPAL RATIFICATION PURSUANT TO <br /> THIS SUBDIVISION, AND, SUBSEQUENT TO THE AMMENDMENT OR ADOPTION, THE <br /> FINANCIAL REQUIREMENTS OF THE SPECIAL FUND OF THE RELIEF ASSOCIATION <br /> PURSUANT TO THIS SECTION ARE SUCH AS TO REQUIRE FINANCIAL SUPPORT <br /> FROM THE MUNICIPALITY, THE PROVISION WHICH WAS IMPLEMENTED WITHOUT <br /> MUNICIPAL RATIFICATION SHALL NO LONGER BE EFFECTIVE WITHOUT MUNICIPAL <br /> RATIFICATIONAND ANY SERVICE PENSIONS OR RETIREMENT BENEFITS PAYABLE <br /> AFTER THAT DATE SHALL BE PAID ONLY IN ACCORDANCE WITH THE ARTICLES OF <br /> INCORPORATION OR BYLAWS AS AMMENDED OR ADOPTED WITH MUNICIPAL <br /> RATIFICATION. <br />