[Adopted as Ch. 7, Art. VII, of the 1964 Code]
[Amended 7-7-2014 by Ord.
No. 2014-1783]
There shall be a Police Pension Board consisting of five members.
Of these members, two shall be appointed by the Mayor, serving a term
of two years each, two shall be elected from the regular police force
of the Village, and one shall be elected from the beneficiaries of
the pension. Each member shall serve for two years, and elected members
shall be selected in the manner provided by law (40 ILCS 5/3-128).
Members appointed or elected to fill vacancies shall serve for the
unexpired portion of the term in which the vacancy occurs.
It shall be the duty of the members of the Police Pensions Board
to manage, invest, and control the police pensions fund and all moneys
pertaining thereto and to pay beneficiaries, all as provided by law.
