A. Salary: Members of the Board of Trustees shall receive as compensation the sum of six thousand dollars ($6,000.00) per year, payable in twenty six (26) equal installments, said rate of compensation to apply to all terms of office which commence by taking the oath of office on or after May 1, 2009.
B. Health Insurance: At the beginning of the second and subsequent terms of office, each Village Trustee is eligible to purchase individual employee or family health insurance coverage as provided to employees of the Village. Such purchase of insurance shall be at the sole expense of the Trustee who shall be required to pay one hundred percent (100%) of the cost of the health insurance premium of the plan selected by the Trustee. Any Trustee purchasing insurance as provided for herein, shall have the ability to purchase such insurance on an uninterrupted basis until such time as his or her sixty fifth birthday. Thereafter, the Trustee is eligible to purchase the Medicare supplement in effect for Village employees. If the Trustee discontinues the purchase of insurance after previously serving in office, then the Trustee is ineligible to purchase insurance thereafter.
(Ord. 3168, 4-8-2008; amd. Ord. 3171, 4-8-2008, eff. 5-1-2009)