Police Pension Board
Powers and Duties
- To control and exclusively manage the Police Pension Fund investments.
- The Board shall invest monies in accordance with the provisions of the adopted investment policy.
- The Board shall instruct the Treasurer in writing to draw and invest said Funds in accordance with the instructions of the Board.
- In general it is the policy of the Board to obtain competitive rates of return for the Fund.
Membership
- Membership of the Police Pension Board consists of five (5) members.
- Two members are appointed by the Mayor and subject to approval of the City Council.
- Two members are elected by active members of the Police Pension Fund.
- The final member is elected by the retirees of the Police Pension Fund.
Meeting Schedule
- The Police Pension Board meets quarterly in January, April, July and October