Resolution - #91-01-018 - 01/22/1991

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Defined contribution VOLUNTEER FIRE FIGHTERS' RELIEF ASSOCIATION BY-LAWS TABLE OF CONTENTS ARTICLE I SECTION 1. SECTION 2. SECTION 3. SECTION 4. SECTION 5. SECTION 6. ORGANIZATION & DUTIES OF OFFICERS .............. 1 BOARD OF TRUSTEES ............................................................... 1 POWERS OF THE BOARD OF TRUSTEES .................................. 2 PRESIDENT'S DUTY ................................................................... 2 VICE PRESIDENT'S DUTY ........................................................... 2 SECRETARY'S DUTY .................................................................. 2 TREASURER'S DUTY .................................................................. 3 ARTICLE Ii ALLOCATION OF FUNDS ........................................ 4 SECTION 1. FUNDS ....................................................................................... 4 SECTION 2. GENERAL FUND ......................................................................... 4 SECTION 3. SPECIAL FUND ........................................................................... 4 SECTION 4. INVESTMENT OF FUNDS ............................................................ 5 SECTION 5. CUSTODY OF FUNDS ON DISSOLUTION .....................................5 ARTICLE SECTION 1. SECTION 2. SECTION 3. SECTION 4. SECTION 5. SECTION 6. SECTION 7. III MEMBERSHIP ......................................................... 6 MEMBERSHIP ............................................................................ 6 OTHER REQUIREMENTS ............................................................ 6 APPLICATION ............................................................................. 7 MEMBERSHIP DUES .................................................................. 7 MEMBERSHIP PRIVILEGES ........................................................ 8 STATE FIREMEN'S BENEFIT ASSOCIATION ............................... 8 TERMINATION OF MEMBERSHIP ................................................ 8 ARTICLE IV PEN SECTION 1. SECTION 2. SECTION 3. SECTION ,4. SECTION 5. SECTION 6. SECTION 7. SECTION 8. SECTION 9. SECTION 10. SECTION 11. ARTICLE V STATE SION BENEFIT ................................................. 8 BENEFIT CLAIM PROCEDURE .................................................... 8 TYPE OF PENSION BENEFIT ...................................................... 9 ESTABLISHING THE INDIVIDUAL MEMBER'S ACCOUNT ............. 9 FUNDING THE INDIVIDUAL ACCOUNTS ....................................... 9 PENSION BENEFIT ENTITLEMENT ............................................. 'I 1 DEFERRED PENSION BENEFIT .................................................. 1 '1 PAYMENT UPON DEATH OF ACTIVE MEMBER OR DEFERRED PENSIONER ............................................................................... 12 PAYMENT OF PERMANENT DISABILITY BENEFITS ..................... 1 2 OPTIONAL PAYMENT FORMS OF THE RETIREMENT BENEFIT...'1 2 SUPPLEMENTAL PENSION BENEFIT .........................................1 3 NON-ASSIGNMENT AND NON-ATTACHMENT OF SPECIAL FUND BENEFITS PURSUANT TO MS {}69.51 ......................................... 1 3 DELEGATES ................................................ 1 3 ARTICLE VI MISCELLANEOUS RULES ...................................... 14 SECTION 1. REPORTS .................................................................................. 1 4 SECTION 2. ANNUAL MEETING ...................................................................... 1 4 SECTION 3. DEBTS PROHIBITED ................................................................... 14 SECTION 4. QUORUM .................................................................................... 1 4 ARTICLE VII AMENDING OF BY-LAWS ........................................ 15 TABLE OF CONTENTS -ii-