2025 Session Last amended: 2024 session

§ 424A.096 — Citation; Application of Other Laws

Plain-Language Summary

This section sets rules for how a municipality must fund a firefighters relief association when the association's special fund does not have enough money to pay its benefit obligations. When a funding shortfall exists, the municipality may be required to levy additional taxes to make up the difference. The state auditor oversees compliance and can require corrective action if a municipality fails to adequately fund the association.

Practical Notes
Municipal funding obligations are a backstop that protects firefighters’ pension rights when investment returns or contributions fall short. A municipality that neglects its funding obligations could face state enforcement action including loss of state aid. Firefighters should monitor their association’s funded status, which is reported annually, to assess the financial security of their expected retirement benefits.