The Pension Board shall have the following powers and duties:
A. To administer the nonuniformed pension plan in accordance with any agreements as may be entered into from time to time by the Board of Commissioners and professional money manager(s). Said agreements may permit the money manager(s) to manage and operate the nonuniformed pension plan and to receive, hold, invest and disperse any sum or sums as may be necessary to carry out the nonuniformed pension plan and all other applicable statutes, ordinances and regulations.
B. To provide guidance to any money manager(s) of the nonuniformed pension plan for the investment of all moneys deposited in such nonuniformed pension plan and the reinvestment of all earnings of the nonuniformed pension plan.
C. To adopt rules and regulations for the governance of the affairs of the Nonuniformed Pension Board to better enable it to carry out its powers and duties imposed hereunder.
D. To employ, retain and compensate actuaries, accountants, auditors, attorneys, money managers and investment consultants as it may deem necessary to carry out its duties hereunder upon approval of the Board of Commissioners.
E. To make all decisions pertinent to the Nonuniformed Pension Board regarding pension payments to any applicant or participant or for the return of any individual contributions to any person who may be entitled to the same under the nonuniformed pension plan.
F. To designate a nonuniformed pension plan custodian for the depository of all funding. G. To determine what amounts shall be deposited into the nonuniformed pension plan.