Police Pension Board

PURPOSE: To administer the Pension Fund and designate beneficiaries. The board shall be known as the "Board of Trustees of the Police Pension Fund" of the municipality. "To control and manage, exclusively, the pension fund, investments, and all money paid, assessed, donated, or provided by law for the pensioning of retired and disabled police officers, their surviving spouses, minor children, and dependent parents. (40ILCS 5/3 - 101 et seq)

NUMBER OF TRUSTEES: 5 (2 elected from active participants of the Pension Fund by active participants of the Pension Fund; 2 appointed by the Mayor; 1 elected by and from the beneficiaries).

TERM: None

MEETING DATE: 4th Thursday of January, April, July, and October. 2:00 p.m.  (Other special meetings may be called)

Reports: To The City Council and to the Illinois Department of Insurance.