Syfert Injury Law Firm

Legislative declaration.

Short title.

Definitions.

Firefighters’ Pension Trust Fund created; applicability of provisions.

Actuarial deficits not state obligation.

Board of trustees; members; terms of office; meetings; legal entity; costs; attorney’s fees.

General powers and duties of board of trustees.

Use of annuity or insurance policies.

Creation and maintenance of fund.

State excise tax on property insurance premiums authorized; procedure.

Determination of local premium tax situs.

Certified copy of ordinance or resolution filed; insurance companies’ annual report of premiums; duplicate files; book of accounts.

Department of Revenue and Division of Retirement to keep accounts of deposits; disbursements.

Police and Firefighters’ Premium Tax Trust Fund.

Limitation of disbursement.

Funds received by municipality or special fire control district; deposit in firefighters’ pension trust fund.

Payment of excise tax credit on similar state excise or license tax.

Penalty for failure of insurers to comply with this act.

Requirements for retirement.

Optional forms of retirement income.

Beneficiaries.

Disability retirement.

False, misleading, or fraudulent statements made to obtain public retirement benefits prohibited; penalty.

Death prior to retirement; refunds of contributions; death benefits.

Separation from service; refunds.

Lump-sum payment of small retirement income.

Diseases of firefighters suffered in line of duty; presumption.

Exemption from tax and execution.

Annual report to Division of Retirement; actuarial valuations.

Depository for pension funds.

Municipalities, special fire control districts, and boards independent of each other.

Discrimination in benefit formula prohibited; restrictions regarding designation of joint annuitants.

Duties of Division of Retirement; rulemaking authority; investments by State Board of Administration.

Municipalities and special fire control districts that have their own retirement plans for firefighters.

Termination of plan and distribution of fund.

Transfer to another state retirement system; benefits payable.

Applicability.

Retiree health insurance subsidy.

Optional participation.