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2006-12 , . . CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTY, MINNESOTA DATE: Februarv 13" 2006 RESOLUTION NO: 2006-12 MOTION BY: Lundauist SECONDED BY: Peterson RESOLUTION AMENDING THE BY-LA WS OF THE CHANHASSEN FIREFIGHTERS RELIEF ASSOCIATION WHEREAS, the Chanhassen Firefighter's Relief Association has requested the City to approve amendments to Article X, Section 10.1, Article XII, Section 12.1 B., and Article XV, Section 15.1 of the Association's By-laws; and WHEREAS, it is in the best interest of the City and of the Relief Association that the By-law amendments be approved. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Chanhassen, Minnesota The attached amendments to Article X, Section 10.1 modifying pension benefits; Article XII, Section 12.1 B. modifying death benefits; and Article XV, Section 15.1 modifying amending By-laws, of the Firefighter's Relief Association By-laws be approved. APPROVED AND ADOPTED this 13th day of February, 2006. YES NO ABSENT Furlong Labatt Lundquist Peterson Tjomhom None None 123034 v2 , . . AMENDMENT TO ARTICLE X, SECTION 10.1 Section 10.1. Pension. . Effective January 1,2006. If the pensions plan balance does not drop below 75% funded as determined by the annual audit in May of said year and upon request of a retired member, who has at least 20 years of active service, and approval of the Board of Trustees, the member may be entitled to a full service pension computed on the basis of $4,350.00 per year of active service of said member in the Chanhassen Fire Department. The Value of a full pension shall be based on the account balance at the end of the year in which the member retired from the Chanhassen Fire Department. The pension shall start on the first day of the month following retirement from the Association. Payments are to be made retro active. Effective January 1,2007. If the pensions plan balance does not drop below 75% funded as determined by the annual audit in May of said year and upon request of a retired member, who has at least 20 years of active service, and approval of the Board of Trustees, the member may be entitled to a full service pension computed on the basis of $4,700.00 per year of active service of said member in the Chanhassen Fire Department. The Value of a full pension shall be based on the account balance at the end of the year in which the member retired from the Chanhassen Fire Department. The pension shall start on the first day of the month following retirement from the Association. Payments are to be made retro active. Effective January 1,2008. If the pensions plan balance does not drop below 75% funded as determined in May of said year and upon request of a retired member, who has at least 20 years of active service, and approval of the Board of Trustees, the member may be entitled to a full service pension computed on the basis of $5,050.00 per year of service of said member in the Chanhassen Fire Department. The Value of a full pension shall be based on the account balance at the end of the year in which the member retired from the Chanhassen Fire Department. The pension shall start on the first day of the month following retirement from the Association. Payments are to be made retro active. AMENDMENT TO ARTICLE XII, SECTION 12.1B. Section 12.1. Death Benefits. B. Active Member Who is Not a Vested or a Deferred Vested Member. Effective January 1, 2001. A death benefit of $25,000.00 shall be paid to the designated beneficiary of an active member of this Association who is also an active member of the Chanhassen Volunteer Fire Department who is not a Vested or Deferred Vested Member under Section I(A) of this Article. This benefit shall be paid out of the Special fund. 123034 v2 , . . AMENDMENT TO ARTICLE XV, SECTION 15.1 Section 15.1. Amending By-Laws. Rewrite section on amending. The By-laws of this Association may be amended at any regular or special meeting thereof by a favorable vote of two-thirds of the members present and voting, provided that a quorum of 50% of voting members are present and provided further that notice of any proposed amendment or amendments shall be given by reading the same at a regular or special meeting not more than 31 days next preceding that upon which such amendment or amendments are acted upon and that a notice be mailed to each member at his/her last known address not less than ten (10) days prior to such meeting. If such amendment or amendments shall change the amount of benefits or pensions, all such amendments shall be submitted to the Chanhassen City Council for approval. Approved by the Chanhassen City Council September 10, 1984 Approved by Amendment by the Chanhassen City Council March 3,1986 Approved by Amendment by the Chanhassen City Council October 24,1988 Approved by Amendment by the Chanhassen City Council January 28, 1991 Approved by Amendment by the Chanhassen City Council November 25,1991 Approved by Amendment by the Chanhassen City Council October 25,1993 Approved by Amendment by the Chanhassen City Council April 9, 2001 Adopted by the Chanhassen Relief Association October 29, 1984 Amended by the Chanhassen Fire Relief Association March 17, 1986 Amended by the Chanhassen Fire Relief Association December 14, 1988 Amended by the Chanhassen Fire Relief Association October 15, 1990 Amended by the Chanhassen Fire Relief Association December 16,1991 Amended by the Chanhassen Fire Relief Association August 31, 1993 Amended by the Chanhassen Fire Relief Association February 13,2006 123034 v2