Fire Marshals Retirement Plan
The State Fire Marshals Retirement Plan covers employees of the State Fire Marshal's Division employed as deputy state fire marshal fire/arson investigators. This plan began July 1, 1999.
The Fire Marshals Plan provides retirement, survivor and disability coverage. Once retired, you receive a monthly retirement benefit for life with potential post-retirement increases. Depending on the option you select at retirement, your survivor(s) may be eligible to receive a lifetime benefit upon your death.
Employees covered by this plan contribute to Social Security.
Unique Plan Features
With the exception of the plan features described below, the Fire Marshals Retirement Plan follows the same provisions as the General Employees Retirement Plan.
|Contribution Rate|| |
Contribution rates are established by Minnesota law.
|Membership in Plan|| |
To become a member of the Fire Marshals Plan:
|Normal (Full) Retirement Age|| |
Age at which you can collect an unreduced (full) retirement benefit,
|Benefit Calculation||Monthly benefits are computed using a formula. |
You receive 2% for each year of service.
|Disability||You may be eligible for a disability benefit if you are unable to perform your duties and are disqualified from active duty. The disability continues until the plan's federal, mandatory retirement age.|