Employee Retirement Board of Trustees
Defined Benefit Plan. The Board of Trustees, also known as the Defined Benefit Board of Trustees, has the power and authority to administer, manage and operate the retirement system, and to construe and make effective the provisions of the applicable city ordinance.
The Board consists of the Mayor or an alternate; a Councilperson; a citizen appointed by the Mayor; and two elected members of the retirement system. Except for the Mayor and Councilperson, the members serve for a three-year term.
Meeting are held regularly, at least one in every quarter year, and are open to the public. The City Controller acts as the secretary, the City Treasurer as the treasurer, and the City Attorney as the legal advisor to the Board. They are directed to control and administer the Employee’s Retirement Fund, and from time to time, adopt such mortality and other tables of experience and a rate of rates of regular interest.
Gary E. Urbanczyk