PURPOSE Pursuant to Article 4 of the Illinois Pension Code, the Village of Niles is required to establish and administer a firefighters' pension fund for the benefit of the Village's firefighters and of the firefighters' surviving spouses, children and certain other dependents. The Firefighters' Pension Board is a five member board that is created by Section 4-121 of the Pension Code and is charged by law with controlling and managing the Firefighters' Pension Fund. The Firefighters' Pension Fund derives its funds primarily from property taxes and firefighter contributions.
MEMBERS – Terms of office are staggered and appointments shall be for three years. The fire pension fund of the Village shall be administered by a board of trustees consisting of five members: two members of the board shall be appointed by the President with the consent of the Village Board of Trustees; two members shall be active participants of the pension fund who are elected from the active participants of the fund; one member of the board shall be a person who is retired under the Fireman's Pension Fund Act of 1919.
Robert Greiner, Active elected firefighter, President
MEETING DATES & LOCATION
Meetings of the Firefighters' Pension Board are held quarterly.
The regularly scheduled meeting dates for 2016 are:
February 17, 2016
May 17, 2016
August 18, 2016
November 10, 2016