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Firefighters Relief Association <br /> Historical Timeline <br /> • Incorporated pursuant to Minnesota State <br /> Statute 317A in 1952 <br /> • Conversion of plan to lump sum only <br /> provision due to actuarial fluctuations of <br /> monthly retiree benefits in year 2000 ; <br /> required buyout of existing pensioners ! <br /> • Voluntary annual municipal contribution <br /> established and benefit level increase =- -- �'' <br /> framework also created <br /> • Articles of Incorporation restated and <br /> Bylaws amended in December 2010 <br />