(a) The Board of Trustees shall elect from its own number a Chairperson and a Vice-Chairperson.
(b) The Director of Finance shall be the Secretary of the Board of Trustees and he or she shall serve as the administrative officer of the retirement system.
(c) The City Treasurer shall be treasurer of the retirement system and the custodian of its funds. All payments from the funds of the system shall be made by the Treasurer, countersigned by the Director of Finance, only upon a specific or continuing resolution adopted by the Board of Trustees authorizing the payment or payments.
(d) The Chief Legal Officer shall be the legal advisor to the Board of Trustees.
(e) The Board of Trustees shall appoint an Actuary to advise it regarding the operation of the retirement system. The Actuary shall perform such other duties as are required by him or her under the retirement plan.
(f) The Board of Trustees shall appoint as Medical Director a physician who is not eligible for membership in the retirement system. He or she shall be responsible to and shall hold office at the pleasure of the Board of Trustees. He or she shall arrange for and pass upon all medical examinations required under the provisions of the retirement plan; he or she shall investigate all essential statements and certificates of a medical nature made by or on behalf of a member, retirant or beneficiary in connection with an application for disability or death benefits; and he or she shall report in writing to the Board his or her conclusion on medical matters referred to him or her by the Board of Trustees.
(g) The Board of Trustees shall appoint an Investment Counselor who is a chartered investment counselor or a chartered financial analyst to advise the Secretary and the Board of Trustees regarding the investment of all funds of the system.
(h) The Board of Trustees may employ such professional and other services as are required for the proper operation of the retirement system. The compensation for all services rendered to the Board shall be fixed by the City Council.
(Ord. 1860, passed 8-16-1965; Ord. 2558, passed 6-14-1976)