Minnesota § 424B.12 MIXED CONSOLIDATING RELIEF ASSOCIATIONS; BENEFIT PLAN; FUNDING

Minnesota Statutes

§ 424B.12 — MIXED CONSOLIDATING RELIEF ASSOCIATIONS; BENEFIT PLAN; FUNDING

Minnesota § 424B.12

PartMUNICIPAL PERSONNEL, RETIREMENT

Ch. 424BVOLUNTEER FIREFIGHTERS, CONSOLIDATION, DISSOLUTION, CONVERSION

This text of Minnesota § 424B.12 (MIXED CONSOLIDATING RELIEF ASSOCIATIONS; BENEFIT PLAN; FUNDING) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 424B.12 (2026).

Text

Subdivision 1.Applicability.
This section applies where one or more of the volunteer firefighters relief associations involved in the consolidation are defined benefit relief associations as defined in section424A.001, subdivision 1b, and one or more of the volunteer firefighters relief associations involved in the consolidation are defined contribution relief associations as defined in section424A.001, subdivision 1c.

Subd. 2.Benefit plan.
The articles of incorporation or bylaws of the successor relief association must specify whether the relief association is a defined benefit relief association or whether the relief association is a defined contribution relief association. If the successor relief association is a defined benefit relief association, the relief association benefits must

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Subdivision 1.Applicability.
This section applies where one or more of the volunteer firefighters relief associations involved in the consolidation are defined benefit relief associations as defined in section424A.001, subdivision 1b, and one or more of the volunteer firefighters relief associations involved in the consolidation are defined contribution relief associations as defined in section424A.001, subdivision 1c.

Subd. 2.Benefit plan.
The articles of incorporation or bylaws of the successor relief association must specify whether the relief association is a defined benefit relief association or whether the relief association is a defined contribution relief association. If the successor relief association is a defined benefit relief association, the relief association benefits must comply with sections424A.02and424B.10. If the successor relief association is a defined contribution relief association, the relief association must comply with sections424A.016and424B.11, subdivision 2.

Subd. 3.Funding.
If the successor relief association is a defined benefit relief association, the relief association funding is governed by section424B.10, subdivision 2. If the successor relief association is a defined contribution relief association, the relief association funding is governed by section424B.11, subdivision 3.