§ 31-30-1130 — Fire department dissolution

(1) If a fire department dissolves
and the services of volunteer firefighters or the fire department are discontinued:

(a) The benefits paid under this part 11 to volunteer firefighters or their
surviving spouses, dependent parents, children, and other beneficiaries at the time
of the dissolution shall continue;

(b) Assets of the fund shall be transferred with other assets of the fire
department and shall be administered by the board of trustees of the successor
pension fund;

(c) In no event shall the rate of compensation be altered either after
commencement of proceedings for dissolution has occurred or after its completion;

(d) A volunteer firefighter who has accrued ten or more years of active
service at the time of the dissolution shall be granted an annuity after the
firefighter is fifty years of age. The annuity shall be prorated in accordance with the
number of years of service and the amount of annuity being paid for age and service
pensions by the board at the time of the dissolution.

Legislative History

Source: L. 95: Entire part added, p. 1380, � 2, effective June 5.