(A) Establishment of Police Pension Board. There is hereby established the Town of McCordsville, Indiana Police Pension Board as provided in I.C. 36-8-8 and 36-8-6-2.
(B) Organization of Board.
(1) Board members. The Police Pension Board consists of seven members, as follows:
(a) The President of the Town Council;
(b) The Town Clerk-Treasurer;
(c) The Police Chief;
(d) One retired member of the town's Police Department; and
(e) Three active members of the town's Police Department.
(2) Ex officio members. The Town Council President, the Clerk-Treasurer, and the Police Chief are ex officio voting members of the Board.
(3) Election and terms.
(a) Election of Board members by Police Department members. The Board members who are the retired Police Department member and the three active Department members shall be elected by the Police Department members. The initial election will be held at the police station within 30 days of the effective date of this section. Thereafter, the elections shall occur at a meeting of the Department members held at the police station on the second Monday in February of each year. The initial members of the Board who are active members of the Police Department will serve staggered terms, with one serving a one-year term, one serving a two-year term, and one serving a three-year term, as determined by the Board. Thereafter, these Board members are elected for terms of three years, succeeding those Board members whose terms of office expire on that date. These members hold their offices until their successors are elected and qualified.
(b) Terms of other Board members. The terms of the President of the Town Council, Clerk-Treasurer and Police Chief will be the same as the term of their respective offices.
(c) Vacancies. If a vacancy occurs on the Board among the members elected by the departmental members, the Police Department members shall hold a special meeting upon the call of the Town Council President and elect a successor for the remainder of the vacating member's term.
(d) Notices. Notice of a meeting at which an election will be held by Department members must be given to all active Police Department members at least five days before a meeting.
(4) Officers. The Town Council President serves as the President of the Board, the Clerk-Treasurer serves as its Treasurer, and the Board shall elect one member to serve as Secretary.
(5) Quorum. A majority of the Board's members shall constitute a quorum for transacting business.
(6) Powers and duties. The Board shall have all the powers and duties provided under Indiana Law.
(7) Compensation and reimbursement. The Board members shall not receive payment for their services and shall be paid only their necessary expenses. However, the Board members, the Secretary, and each member of the Police Department selected by the Board shall be paid their necessary traveling expenses from the 1977 fund when acting upon matters pertaining to the fund as recommended by the Pension Board and approved by the Metropolitan Police Commission.
(8) Bylaws and rules. The Board may make all necessary bylaws or rules for it meetings and all matters relating to the conduct of its business, and it shall keep and maintain records of its business.
(Ord. 050818, passed 5-8-2018; Ord. 091118, passed 9-11-2018)