Are you interested in making investment decisions?
Do you have the ability to make decisions about someone’s future after a disability hearing is conducted?
Do you have the time to fulfill the state mandated initial and continuing education requirements?
Do you have the time to attend regularly scheduled meetings during normal business hours?
Do you have the ability to attend special meetings for hearings as required?
The Village of Sugar Grove is currently seeking applicants for an opening on the Police Pension Board. Applicants must be residents who can commit to attending meetings as scheduled.
The Village of Sugar Grove is required by State Statue to have a Police Pension Fund that is overseen by the Pension Fund Board. The Board consists of a total of five (5) members, two (2) are active police officers, one (1) a beneficiary of the fund and two (2) are appointed by the Village President.
Click here for the Police Pension Board member application
Third Friday in January, April, July, and October, 8:00 a.m., Municipal Center Board Room
All Pension Board trustees must annually complete at least 8 hours of ethics training. Topics that must be included in this training are: ethics, fiduciary duty, investment issues, and any other curriculum the board determines is important for the administration of the pension fund. (40 ILCS 5/1-113.18)
Newly appointed or newly elected board trustees must participate in a 32-hour trustee certification training seminar during the first year as a trustee. After the first year, all trustees must annually complete 16 hours of continuing trustee education. The 8 hours of ethics training may be included in, or in addition to, the 16 hours or 32 hours of training. (40 ILCS 5/1-109.3)
All board trustees must complete the electronic training curriculum on the Open Meetings Act developed and administered by the Public Access Counselor. A certificate of completion must be filed with the pension fund. Unless appointed as the Open Meetings Act Officer for the pension fund, the Open Meetings Act training is a one-time training requirement. (5 ILCS 120/1.05b)
For more information, contact Senior Management Analyst Alison Murphy at firstname.lastname@example.org and 630-391-7207.