(A) The responsibility for the proper operation of the fund and direction of its policies shall be vested in the Board of Trustees of six members consisting of the Mayor Ex Officio; the Director of Finance, ex officio; the Chiefs of the Police and Fire Departments ex officio; and one active member of each department, who shall be elected by ballot by the active members of the respective departments and shall serve for term of one year under rules adopted by the Board. In the event of a vacancy of an elected member, the Pension Board may fill the vacancy by appointment until the next regular election.
(B) The present members of the Pension Board shall continue in office as members of the Board of Trustees, assuming the duties and obligations as herein provided. Such members shall continue in office until the expiration of their respective terms of office, or if an active member from a department for another year until an election as in one above shall be called.
(C) Any member of the Board convicted of an offense relating to mismanagement or embezzlement of the fund created pursuant to § 36.085 shall be removed from the Board, and shall be prohibited from serving on the Board thereafter. If the Board member so removed is an ex officio member, the City Commission shall appoint a replacement until such time as another person shall fill the office entitled to a seat on the Board. If the Board member so removed is an active police officer or firefighter, the Board shall fill the vacancy by appointment of another active police officer or firefighter, as the case may be, until the next regular election.
(Ord. 87-26, passed 7-28-87)