Police Pension Board
The Police Pension Board is financed through a property tax levy
and mandatory employee contributions.
The Board consists of five members. Its composition is mandated
by state law. Two active Police Officers are elected by the members
of the Police Department and one retired officer or beneficiary
is elected by those people receiving pensions. Two members are
appointed by the Mayor with the approval of the Village Board of
Trustees.
Experience in pension fund administration and handling the investment
of large sums of money is highly desirable in members serving on
the Board.
Term of office for all members of the Board is two years.
Police
Pension Fund Application |