The Village of Montgomery is seeking an individual interested in serving on the Village’s Police Pension Board. The board is comprised of five members consisting of two active and one retired member of the police department and two members appointed by the Mayor.
Meetings are held at least four times per year at the police department. The primary duty of the board is to provide benefits to participants and their beneficiaries while maintaining due diligence with respect to expenses and market volatility when administering the fund.
The board will invest police pension funds, maintain records, grant pensions, and consider applications for disability pensions.
Appointed members must be village residents and all board members are required to attend a 32-hour trustee certification course within one year of election or appointment; 16 hours of continuing education are required each year thereafter. Board members do not receive any salary from a pension fund for services performed as board members; however, training and other approved expenses are paid. A background or knowledge in the fields of finance, accounting, financial planning or municipal retirement systems are preferred, but not required.
Interested residents should send an email with a cover letter stating their interest in the position, and also providing an explanation of their qualifications, to Sgt. Elizabeth Palko at email@example.com by Friday, Nov. 30. For questions regarding the position, contact board President Adam Kuncl at 630-204-8446.