[Amended 6-7-2006 by Ord. No. 1216]
The Police Pension Advisory Committee shall consist of six voting
members who shall be the three members of Council who serve on the
Finance Committee, the member of Borough Council who serves as Chair
of the Public Safety Committee, the Borough Treasurer, serving ex
officio, and a representative of the Lansdowne Borough Police Department
duly elected by and from the membership of the police collective bargaining
unit. The Chair of the Finance Committee shall preside at meetings
of the Police Pension Advisory Committee.
The members of the Police Pension Advisory Committee shall be
appointed by the President of Borough Council at the regular biennial
reorganization of the Borough Council and shall serve for a period
of two years. Vacancies shall be filled by appointment of the President
of Borough Council.
The Borough Council shall appoint and fix the compensation for
a secretary to the Police Pension Advisory Committee who shall be
responsible for recording the minutes of all proceedings and writing
all correspondence directed by the Committee. The records of such
proceedings and correspondence shall be maintained in the offices
of the Borough Manager.
The final responsibility and authority for making all investment
decisions concerning Police Pension Fund assets shall remain with
the Borough Council of Lansdowne.