11-13 - Paris Firefighters Relief & Retirement Fund - Pension Bond - Freeze Fire Pension - Transfer Employees to TMRS

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Section 2 Frozen Benefit 2.01 Eligibility for Frozen Benefit. A Firefighter will be eligible for a frozen benefit on or after his Normal Retirement Date or Early Retirement Date. 2.02 Amount of Frozen Benefit. The monthly benefit payable to a Firefighter who was credited with Service prior to the Effective Date, on or after his Normal Retirement Date or Early Retirement Date shall be an amount equal to $94.00 multiplied by the Firefighter's total years of Service as of the Effective Date. 2.03 Normal Form of Benefit. Unless the Firefighter elects an optional form of payment under Section 5, the benefit under this section shall be paid through the date of the Firefighter's death. In the event the Firefighter's death precedes that of his Spouse, two thirds of such frozen benefit shall be continued after the Firefighter's death to an Eligible Surviving Spouse for the Spouse's lifetime. An Eligible Surviving Spouse of a retired, disabled or terminated Firefighter must have been married to the Firefighter at the time of the earlier of (a) the Firefighter's Termination of Service, or (b) the commencement of benefits to the Firefighter, and remained continuously married to such Firefighter until the time of his death.