Title VII, CITIES, TOWNS AND VILLAGES

87.170. Conditions of retirement. — Retirement of a member on a service retirement allowance shall be made by the board of trustees as follows: (1) Any member may retire upon the member's written application to the board of trustees setting forth at what time, not less than thirt…

87.175. Retirement for service — amount, how computed — refund of member's contribution. — 1. Upon retirement for service, a member shall receive a service retirement allowance which shall be equal to fifty percent of the average final compensation, plus an amount equal to five p…

87.177. Service retirement allowance, five year service and less than twenty — survivor to share benefits — cost-of-living allowance. — 1. Any firefighter who terminates employment with five or more years of service but less than twenty years may apply at age sixty-two for a serv…

87.179. Funding for increases in benefit provisions from future benefits fund. — The funding for increases in benefit provisions of sections 87.170, 87.175, 87.182 and 87.371 shall be funded from the future benefits fund upon approval of an appropriate enabling ordinance. ­­-----…

87.182. Deferred retirement option plan, established, may include self-directed program — procedures — election to stop participation, how — death, effect of — interest earned. — 1. The board may develop and establish a deferred retirement plan program (DROP) which may include a …

87.185. Military service during war credited. — If, at any time since first becoming a member of the retirement system, a member has served in the Armed Forces of the United States, in any war or period of armed hostilities between the Armed Forces of the United States and those …

87.190. Disability retirement after five years of service. — Upon the application of a member in service or of the chief of the fire department, any member who has had five years or more of creditable service shall be retired by the board of trustees, not less than thirty and not…

87.195. Ordinary disability retirement, when, amount. — 1. Upon retirement for ordinary disability, a member shall receive a service retirement allowance if he has twenty years or more of creditable service; otherwise he shall receive an ordinary disability retirement allowance w…

87.200. Retirement for accidental disability. — Upon application by the member or the chief of the fire department, any member who has become totally and permanently incapacitated for duty as the natural and proximate result of an accident occurring while in the actual performanc…

87.205. Accidental disability retirement allowance. — 1. Upon retirement for accidental disability before August 28, 2011, a member shall receive seventy-five percent of the pay then provided by law for the highest step in the range of salary for the title or rank held by such me…

87.207. Cost-of-living increase, how determined. — The following allowances due under the provisions of sections 87.120 to 87.371 of any member who retired from service shall be increased annually, as approved by the board of trustees beginning with the first increase in the Octo…

87.208. Cost-of-living increases for certain persons, when — how computed. — The retirement allowance, due under the provisions of sections 87.120 to 87.370, of any member who retired from service prior to February 15, 1973, with a retirement service allowance, ordinary disabilit…

87.210. Disability beneficiaries to undergo physical examinations. — Once each year during the first five years following the retirement of a member on a disability retirement allowance, and once in every three-year period thereafter, the board of trustees may, and upon his appli…

87.215. Reduction and suspension of pension, when. — 1. If the medical board reports and certifies to the board of trustees that the disability beneficiary is engaged or is able to engage in a gainful occupation other than firefighter paying more than the difference between his o…

87.220. Death benefits for beneficiaries of members in service or on accidental disability allowance — child to receive benefits, when. — 1. Upon the receipt of proper proofs of the death of a member who retired while in service, including retirement for service, ordinary disabil…

87.230. Widow may serve as special consultant, when, compensation, duties. — 1. Any widow who is receiving retirement benefits, upon application to the board of trustees of the retirement system, shall be made, constituted, appointed and employed by the board as a special consult…

87.231. Surviving spouse as special consultant to the board, when — compensation — effect on eligibility for retirement benefits. — 1. In lieu of any benefits payable pursuant to section 87.230, any surviving spouse who is receiving retirement benefits, upon application to the bo…

87.235. Payments on proof of accidental death in service — beneficiaries. — 1. Effective May 1, 2002, upon the receipt of evidence and proof that the death of a member was the result of an accident or exposure at any time or place, provided that at such time or place the member w…

87.237. Retiree to become special advisor, when, compensation. — 1. Any person who served as a firefighter and who is retired and receiving a retirement allowance of less than one hundred percent of the federal poverty level for a single person as set and updated by the United St…

87.238. Retired firefighters to act as special advisors to retirement system, when — compensation. — 1. In lieu of any benefit payable pursuant to section 87.237, any person who served as a firefighter and who is retired and receiving a retirement allowance of less than six hundr…

87.240. Accumulated contributions to be refunded, when. — If a member ceases to be a firefighter except by death or retirement, the firefighter shall be paid on demand the amount of his or her accumulated contributions standing to the credit of his or her individual account in th…

87.245. Remainder of accumulated contributions paid to beneficiary. — If there are no further benefits otherwise payable under sections 87.120 to 87.370 and the total amount of benefits paid to date is less than an amount equal to the accumulated contributions of the member at hi…

87.250. Benefits under this law payable to whom. — All members who are firemen on or after the effective date of this section and their beneficiaries shall receive benefits as provided by sections 87.120 to 87.370, and all members and retired members who are not firemen as of the…

87.255. Amounts payable by city under chapter 287 to be set off. — Any amounts which may be paid or payable by the city under the provisions of chapter 287 to a member or to the dependents of a member on account of any disability or death shall be offset against and payable in li…

87.260. Board of trustees shall have exclusive authority to invest and reinvest funds in property — additional investment authority for other plans. — The board of trustees of the firefighters' retirement system shall have the exclusive authority and discretion to invest and rein…

87.262. Representative may be appointed to hold title to investments. — Nothing in the provisions of sections 87.120 to 87.370 shall be construed as prohibiting the retirement system from appointing, designating, and using a nominee or representative for purposes of acquiring, ho…

87.265. Interest to be allowed — credit to members' accounts. — The board of trustees annually shall allow interest at the rate determined by the board on the mean amount for the preceding year in each of the funds with the exception of the expense fund. The amount so allowed sha…

87.270. City treasurer to keep funds, how disbursed. — The treasurer of the city shall be the custodian of the several funds. All payments from the funds shall be made by him only upon vouchers signed by two persons designated by the board of trustees. A duly attested copy of the…

87.275. Amount kept on deposit. — For the purpose of meeting disbursements for benefits and other payments there may be kept available cash not exceeding ten percent of the total amount in the several funds of the retirement system on deposit in one or more banks or trust compani…

87.280. Trustees, employees not to have interest in contracts or money. — Except as herein provided, no trustee and no employee of the board shall have any direct interest in the gains or profits of any investment made by the board of trustees, nor as such receive any pay or emol…

87.285. Assets in four funds — names of. — All the assets of the retirement system shall be credited according to the purpose for which they are held to one of four funds; namely, the members' savings fund, the benefit reserve fund, the general reserve fund, and the expense fund.…

87.288. Retired firefighter not receiving cost-of-living benefit, special consultant — compensation, amount. — 1. Any person who served as a firefighter who is retired and not receiving a cost-of-living benefit and any surviving spouse or dependent child receiving retirement bene…

87.290. Members' savings fund. — The members' savings fund shall be the fund in which shall be accumulated contributions of the members. ­­-------- (L. 1943 p. 708 § 8, A.L. 1959 S.B. 314 § 86.567)

87.295. Contributions by member, how computed. — The board of trustees shall certify to the chief of the fire department and the chief of the fire department shall cause to be deducted from the salary of each member on each and every payroll for each and every pay period, eight p…

87.300. Members deemed to consent to deduction — amount to be credited to members' savings fund. — The deductions provided for herein shall be made notwithstanding that the minimum compensation provided by law for any member shall be reduced thereby. Every member shall be deemed …

87.305. Refunds of contributions, when. — The board of trustees is authorized at its discretion to make refunds or grant additional benefits for such parts of contributions as were made prior to the adoption of the eight percent rate for all members which were in excess of the co…

87.310. Repayment with interest of contributions withdrawn on reinstatement of member. — When any member terminates his or her employment as a firefighter and withdraws his or her accumulated contributions from the retirement system, he or she ceases to be a member of the retirem…

87.315. Benefit reserve fund. — The benefit reserve fund shall be the fund from which shall be paid all benefits except such benefits as involve only the refund of the members' contributions at time of withdrawal in which case the refund shall be made direct from the members' sav…

87.320. General reserve fund. — The general reserve fund shall be the fund in which shall be accumulated all reserves for benefits not provided by members' contributions, and which are provided by contributions made by the city. ­­-------- (L. 1943 p. 708 § 8, A.L. 1959 S.B. 314 …

87.325. Contributions by city to general reserve fund. — Contributions to and payments from the general reserve fund shall be as follows: On account of each member there shall be paid annually into the fund by the city an amount equal to a certain percentage of the earnable compe…

87.330. Normal contribution rate, determination of. — On the basis of the interest rate and of such mortality and other tables as shall be adopted by the board of trustees, the actuary shall determine the uniform and constant percentage of the earnable compensation of the average…

87.335. Accrued liability contribution rate, determination of. — At the first valuation after the effective date of these amendments (in 1959) the actuary engaged by the board of trustees shall compute the rate percent of the total earnable compensation of all members which is eq…

87.340. Total amount payable to general reserve fund. — The total amount payable in each year to the general reserve fund shall be not less than the sum of the rates percent known as the normal contribution rate and the accrued liability contribution rate of the total compensatio…

87.345. Accrued liability contribution discontinued, when — decreased, when — changes amortized, when. — The accrued liability contribution should be discontinued as soon as the accumulated reserve in the general reserve fund shall equal the present value as actuarially computed …

87.350. Expense fund, purposes, determination of amount — limitation on payment of expenses. — The expense fund shall be the fund to which shall be credited all money provided to pay the administration expenses of the retirement system and from which shall be paid all the expense…

87.355. Amounts due from city, certification, budget and appropriation. — On or before the first of March of each year the board of trustees shall certify to the proper city authorities the amount which will become due and payable during the year next following to the general res…