The Board of Trustees is vested with the general administration, management and responsibility for the proper operation of the retirement system, under the authority of Chapter 294 entitled Police Officers’ and Firefighters’ Retirement System (292) (c)(1). The Board maintains fiscal control of the retirement system.
The Board of Trustees shall consist of eight trustees, as follows: The Mayor, a member of Council to be selected by, and to serve at the pleasure of, Council, the City Treasurer; a resident of the City, who is appointed by the Mayor, by
and with the of Council, who is neither an employee of the City nor eligible to receive benefits under Chapter 294, 2 members of the Police and Fire Department and, to be elected by all members of such Department, under such rules and regulations as may from time to time be adopted by the Board. Term of service is 5 years. (292) (c) (d)