Subdivision 1. Eligibility. An active firefighter who is a member of the lump-sum retirement division of the retirement plan who also renders firefighting service and has service credit in the lump-sum retirement division of the retirement plan from another fire department, if the number of years of service credit in the plan from a combination of nonconcurrent periods totals at least five years, is eligible, upon complying with the other requirements of section 353G.09, to receive a lump-sum service pension upon filing an application in the manner prescribed by the executive director, computed as provided in subdivision 2.
Subd. 2. Combined service pension computation. The lump-sum service pension payable to a firefighter who qualifies under subdivision 1 is the per year of good time lump-sum service credit service pension amount in effect for each lump-sum retirement account in which the firefighter has one or more years of service credit as of the date on which the firefighter terminated active service with the fire department associated with the applicable account, multiplied by the number of years of service credit that the firefighter has in the applicable account and adjusted for the vesting percentage based on the total number of years of service covered in the applicable accounts.
Subd. 3. Payment. A lump-sum service pension under this section must be paid in a single payment, with the applicable portion of the total lump-sum service pension payment amount deducted from each lump-sum retirement account.
2009 c 169 art 9 s 22; 2015 c 68 art 7 s 6,7; art 8 s 26; 2022 c 65 art 4 s 25
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 353G — Volunteer Firefighters; Retirement
Section 353G.01 — Definitions.
Section 353G.02 — Plan And Fund Creation.
Section 353G.03 — Statewide Volunteer Firefighter Plan Advisory Board.
Section 353G.04 — Information From Municipalities And Fire Departments.
Section 353G.05 — Plan Coverage Election.
Section 353G.07 — Certification Of Service Credit.
Section 353G.08 — Retirement Plan Funding; Disbursements.
Section 353G.09 — Retirement Benefit Eligibility.
Section 353G.10 — Deferred Service Pension Amount.
Section 353G.11 — Lump-sum Retirement Division Service Pension Levels.
Section 353G.112 — Monthly Benefit Retirement Division Service Pension Levels.
Section 353G.115 — Disability Benefit Coverage; Authority For Casualty Insurance.
Section 353G.12 — Survivor Benefit.
Section 353G.13 — Lump-sum Retirement Division; Portability.
Section 353G.14 — Purchase Of Annuity Contracts.
Section 353G.16 — Exemption From Process.
Section 353G.17 — Transfer Authorized.
Section 353G.18 — Termination Of Participation And Distribution Of Benefits.