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 method for calculating service pensions must be uniformly applied across all years of active service, with specific provisions for crediting years of service. The bill also includes an effective date, stating that the changes will take effect the day following final enactment.

Statutes affected:
Introduction: 424A.02