The General Employees Pension Board consists of 5 members. Two members of the board shall be residents of the Village, selected by the Village Council to serve terms of 2 years. Two members of the board shall be employees of the Village, elected at large by full-time Village employee members of the plan, and shall serve terms of 3 years. The 2 employee members of the board and the 2 council-appointed members of the board shall annually appoint a member of the public who has never been employed by the Village to serve as the 5th member of the board. The 5th member shall serve a term of 1-year. All members of the board shall be voting members.
The General Employees Pension Board performs all the duties and has all rights and powers vested by law or ordinance.
Members of the General Employees Pension Board are required to file financial disclosure within 30 days of appointment or election, annually during their term of office, and within 60 days of leaving office.