3-12C-1636. Benefits for Huron firefighters.
171 words·~1 min read·
/sd/title-3/chapter-3-12/3-12c-1636·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Each retired member, any benefit recipient, or any deferred vested member described in § 3-12C-1635 and in such status before July 1, 1998, shall receive the member's previously selected annuity option as provided under the city of Huron firemen pension fund as in effect on June 30, 1998, but is not eligible for a benefit pursuant to § 3-12C-1114 . Each such benefit in effect before July 1, 1998, shall be increased on that date and thereafter in accordance with § 3-12C-703 . The retirement benefit of a deferred vested member that goes into effect after July 1, 1998, shall be increased in accordance with § 3-12C-703 , but the member's final average compensation may not be increased before retirement by the COLA pursuant to § 3-12C-601 .
The benefits of members described in § 3-12C-1635 who are entitled to receive benefits from the city of Huron firemen pension fund before July 1, 1998, shall be paid from the fund established by this chapter and funded pursuant to § 3-12C-1638 .