(A) There is hereby created the Board of Trustees of the Firefighters’ Pension Fund, herein referenced as the Board, in accordance with the provisions of the Illinois Pension Law, 40 ILCS 5/4-101 et seq., as well as the city’s home rule authority under Article VII, § 6 of the Illinois Constitution of 1970.
(B) The Board shall consist of five members. Two members of the Board shall be appointed by the Mayor. Two members of the Board shall be active participants of the pension fund who are elected from the active participants of the Fund. One member of the Board shall be a person who is retired under the Firemen’s Pension Fund Act of 1919 or 40 ILCS 5/4-121, who is elected from all persons retired under the Firemen’s Pension Fund Act of 1919 or 40 ILCS 5/4-121. For the purposes of this section, a firefighter receiving a disability pension shall be considered a retired firefighter. In the event that there are no retired firefighters under the Fund or if none is willing to serve on the Board, then an additional active firefighter shall be elected to the Board in lieu of the retired firefighter that would otherwise be elected. Likewise, in the event that there are no active firefighters under the Fund or if none is willing to serve on the Board, then an additional retired firefighter shall be elected to the Board in lieu of the active firefighter that would otherwise be elected.
(C) The appointments by the Mayor are to be three-year appointments, for which the Mayor will make formal written appointments and subsequent reappointments to the Board.
(D) The members chosen from the active and retired firefighters shall be elected by secret ballot at elections to be held on the third Monday in April of the applicable years, at such place or places, and under such regulations as shall be prescribed by the Board. In the elections for Board members to be chosen from the active firefighters, all active firefighters and no others may vote. In the elections for Board members to be chosen from retired firefighters, the retired firefighters and no others may vote.
(E) Each member of the Board so elected shall hold office for a term of three years and until his or her successor has been duly elected and qualified.
(F) The Board shall elect annually from its members a President and Secretary.
(G) The Treasurer of the city shall remain the Treasurer of the Board, but will only be a voting member of the Board if he or she is one of the two appointed members of the Board.
(Ord. 2009-12, passed 4-20-2009)