Agenda - Council - 05/24/2022 - Laserfiche WebLink

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31 of each year as part of maintaining membership in good standing. Dues may be collected by the City through a payroll deduction. Any member whose dues are not paid on time shall be mailed a notice of his/her delinquency by the Secretary. b. Exceptions to General Fund Dues and Assessments. Inactive, Military, and Disabled members do not meet the definition of "Active Service" and therefore are not responsible for General Fund membership dues. Section 6. Termination of Membership. Any member who resigns or is terminated from employment with the Ramsey Fire Department shall automatically be terminated as a member of this association. ARTICLE V Board of Trustees and Officer Positions Section 1. The Powers and Duties of the Board of Trustees. The Board of Trustees (the Board) is the governing board and has exclusive control of the investment of the Association's plan assets in conformance with Federal and State law including, but not limited to, Minnesota statutes and these bylaws. The members of the Board will act as Trustees, with a fiduciary responsibility to the Active, Deferred, and Inactive members of the Association, who are its beneficiaries; the taxpayers of the municipality, who help to finance the plan; and the State of Minnesota, which established the plan. The Board will exercise all powers attendant to management of the Association's plan, assets, and benefit determinations as outlined in these Bylaws. Pursuant to Minnesota Statutes, Section 69.051, Sub. 1, as amended, the Board, shall annually prepare an Annual Financial Report of the Association's receipts, disbursements, and balances in its special and general funds for the preceding calendar year ending December 31. In addition, the Board will submit this Annual Financial Report of the Association to the members at a regular meeting each year. Section 2. Members of the Board of Trustees. The Board consists of nine members (Trustees); six General Trustees elected from the membership by the membership and three Municipal Trustees drawn from officials of the City of Ramsey. Of the three Municipal Trustees, one must be an elected official and one must be an elected or appointed municipal official, and both must be designated annually by the Ramsey City Council. The third municipal Trustee must be the fire chief. Section 3. Qualifications of the General Trustees and Officers. General trustees and Officer positions shall be filled by Active Service members in good standing of the Association as determined by the Fire Chief. In the event no active firefighter is available for said board position, the position may be filled by an eligible retiree or LOA member, only in a non-paid position. Section 4. Election and Terms of Office. A General Trustee shall hold office for the term of three years or until his/her successor has been elected and has qualified, or until he/she has resigned or been removed pursuant to Article V, Section 9. The President, Secretary and Treasurer will be elected by the Association membership for three (3) year terms and shall serve as the officers of the corporation. In no event will any Trustee hold more than one Officer position at any one time. In no event will any municipal Trustee hold an Officer position. s Effective Date:{DATE}