To be eligible for a service pension distribution, volunteer fire relief association members must:
- have separated from active service with the fire department;
- have reached age 50;
- have met minimum service and membership requirements; and
- have complied with any additional conditions that are prescribed by the relief association’s bylaws.
Volunteer fire relief associations may establish a higher retirement age than age 50, but not an age lower than 50. Volunteer fire relief associations are not authorized to pay a service pension before the member reaches the relief association’s minimum retirement age – regardless of whether the member intends to roll over the pension to an IRA or receive the payment directly.
Date this Avoiding Pitfall was most recently published: 04/20/2012