Firefighter relief associations termination of retirement plan process modifications

This bill modifies the process for firefighter relief associations in Minnesota when terminating their retirement plans. It requires boards of trustees to calculate specific assets, accrued benefits for participants, and administrative costs within 210 days of termination. The bill establishes clear rules for allocating any surplus funds between the retirement association and the affiliated municipality, including mandatory 50/50 split if agreement isn't reached within 180 days. It also mandates that surplus amounts be distributed proportionally to eligible participants based on their accrued benefits. These changes directly affect firefighter retirement associations, their participants, and the municipalities they serve.