The bill amends Minnesota Statutes 2024, section 424A.02, subdivision 3, to increase the maximum lump-sum service pension amount for firefighters' relief associations. Specifically, it raises the maximum lump-sum service pension amount from $15,000 to $20,000 for each year of service credited. This change allows defined benefit relief associations to set a higher service pension amount in their bylaws, provided that the amount is ratified by the municipality.

Additionally, the bill clarifies that the maximum monthly service pension amount remains at $100 for each year of service credited for associations that provide a monthly service pension. The bill also includes a provision stating that the method of calculating service pensions must be applied uniformly across all years of active service. The effective date of this amendment is the day following its final enactment.

Statutes affected:
Introduction: 424A.02