2.20 – Board of Trustees of the Firemen's Pension Fund of the City of St. Charles

There shall be a board of trustees of the firemen's pension fund which shall consist of five members:  two members shall be appointed by the mayor, two members shall be active participants of the pension fund who are elected from the active participants of the fund, and one member shall be a retired participant who is elected from retired participants, as provided by statute (40 ILCS 5/4-121).  The members of the board selected from the active and retired firemen shall be elected at the time and in the manner provided by statute.

The board of trustees of the firemen's pension fund shall have control of the management of all funds belonging to or designated by law as part of the firemen's pension fund or the administration of such funds, as provided by statute (40 ILCS 5/4-122 et seq.).