[Ord. No. 16-47 § 1, 12-21-2016]
There shall be a Pension Commission consisting of five (5) members who shall have been residents of the City for at least two (2) years prior to their appointment. If available to serve, one member shall be a retired beneficiary of the Defined Benefit plan and another member shall be an active City employee eligible to receive future benefits under the Defined Benefits. In addition, one (1) Councilman shall serve as an ex-officio member of the commission but without a vote.
[Ord. No. 16-47 § 2, 12-21-2016]
The Pension Commission shall meet at least once a year with the investment professionals, review documents and provide a status report to the Council regarding the pension asset, and make recommendations when necessary.