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Ramsey Volunteer Fire Department, the association shall pay to such member the sum of $400.00 each year that he/she served as an active member of the Ramsey Volunteer Fire Department. If a member who has received such a disability pension should subsequently recover and return to active duty in the Ramsey Volunteer Fire Department, any amount paid to him/her as a disability pension, shall be deducted from his/her service pension. SECTION 2, SItORT TERM DISABILITY BENEFITS. If a member of this association (except those who are on the deferred or early vested pension roll) shall become sick or disabled by reason of illness or injury in the performance of his/her duty as a fire fighter of the City of Ramsey, which disability or sickness prevents him/her from performing the usual tasks of the member's regular employment, and who is under the care of a physician shall be entitled to a benefit of five dollars ($5.00) per day for each day of such illness or disability not exceeding a five (5) day work week and a total of one hundred (100) working days. Applications for short term disability benefits shall be made by or on behalf of the applicant within ten (10) days after the disability or sickness commences. ARTICLE VIII, DEATH BENEFITS AND PENSIONS. SECTION 1, DEATH BENEFIT. 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 his/her beneficiary and if no beneficiary has been named, then such payment would go to his/her surviving spouse, child, or children or estate respectively, the sum of $400.00 for each year that he/she served as an active member of the Ramsey Volunteer Fire Department. SECTION 2, SERVICE PENSIONS. The association shall pay to each member, who shall have served as an active fire fighter in the Ramsey Volunteer Fire Department for a period of 20 years or more prior to his/her resignation from said fire department, and who has reached the age of 50 years or more, and who has been a member of the association for at least 10 years, the sum of $400.00 for each year that he/she served as an active member of the Ramsey Volunteer Fire Department. SECTION 3, DEFERRED SERVICE PENSIONS. A member of the association who shall have served in the Ramsey Volunteer Fire Department for at least 20 years, but has not reached the age of 50 years, may retire from said fire department and be placed on the deferred pension roll. When he/she reaches the age of 50 years, and provided that at the time he/she has been a member of the association for at least 10 years, upon application therefore he/she shall be paid the sum of $400.00 for each year served as an active fire fighter in the Ramsey Volunteer Fire Department. During the time that a member is on the deferred pension roll, he/she shall continue to pay dues, and he/she will not be eligible to receive any of the benefits provided for in Article VII. During the time that a member is on the deferred pension roll, the association shall add to the amount payable to such member interest, compounded annually, at the rate actually earned on the assets of the Special Fund, but not to exceed the rate specified by law. If a member dies while on the deferred pension roll, the total sum applicable at the time of death shall be paid to his/her named beneficiary and if no beneficiary has been named, then to his surviving spouse, child or children or estate respectively.