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 Mayor; 1 elected by and from the beneficiaries).
MEETING DATE: 4th Thursday of January, April, July and October
4:00 p.m. (Other special meetings may be called)
PLACE: Police Department, 1454 Elmwood Ave
Reports to the City Council and to the Illinois Department of Insurance.
|Tim Schoolmaster||President||Elected Beneficiary|
|Ryan Glew||Vice President||Elected Active|
|Aaron Wernick||Secretary||Elected Active|
|STAFF:||Hitesh Desai, City Manager's Office
Chief Financial Officer/Treasurer