Police Pension Fund

  • 8 p.m.
  • First and third Tuesday of the month
  • Village Hall
    10455 S. Ridgeland Ave.
    Chicago Ridge, IL 60415
Meeting date exceptions are holidays and other special circumstances. An annual meeting schedule is posted at the Village Hall. These meetings are open to the public and all residents are encouraged to attend. If you have a concern, it may be placed on the agenda by calling the Village Clerk's office at 708-425-7700.

A board, composed of five members, all residents of the village, shall be chosen as provided in this section and shall constitute a Board of Trustees to provide for the disbursement of the Police Pension Fund and designate the beneficiaries as directed in section 46-56 et seq., which board shall be known as the Board of Trustees of the Police Pension Fund of the village. Two of the board members shall be appointed by the president of the village; one of such members shall serve for a period of one year; and one of such members shall serve for a period of two years. The successors to any of the foregoing trustees shall serve for a period of two years each, or until such time as their successors are appointed and have qualified. The third and fourth members of the board shall be elected from the regular police force by the active members.

The fifth member shall be elected from the beneficiaries under the provisions of the fund by such beneficiaries. The members to be elected shall be elected by ballot for a term of two years, beginning on the second Tuesday of the first May after the election, at a regular election, at which election all members of the regular police force shall be entitled to vote for the police force members of the board, and all beneficiaries of lawful age shall be entitled to vote for the member chosen from among the beneficiaries.

The election provided for in this section shall be held biennially on the third Monday in April, under the Australian ballot system, at such places in the village under such regulations as shall be prescribed by the appointed members of the board; provided, however, that no person entitled to vote, under the provisions of this section, shall cast more than one ballot at any such election.

In the event of the death, resignation, or inability to act of any member of the board, elected under the provisions of this section, the successor of such member shall be elected for the unexpired term at a special election, which shall be called by the board and shall be conducted in the same manner as are the annual elections provided for in this section.