[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.
