Firemen's Retirement System of the City of St. Louis, Board of Trustees
Details about the Firemen's Retirement System of the City of St. Louis, Board of Trustees
The Board of Trustees of the St. Louis Firemen's Retirement System shall administer and be responsible for the proper operation of the retirement system. The board is governed by eight (8) members, two of whom shall be appointed by the Mayor.
|Gerald (Jerry) Jacobsen||Chairperson||08/31/2023|
Serving Beyond Term
|Demetris (Al) Alfred||Vice Chairperson||
Serving Beyond Term
Board Duties and Purpose
The Board of Trustees shall have the discretionary authority and responsibility to interpret and manage the Plan and exercise all fiduciary responsibilities with respect to the Plan. The duties and powers of the Board of Trustees as Plan Administrator shall include, but not be limited to, the following:
(1) To interpret the Plan provisions and to decide all questions concerning the Plan and the eligibility of any Employee to participate in the Plan and to receive benefits from the Plan;
(2) To authorize the payment of benefits at such times and in such manner as they determine are consistent with the terms of the Plan;
(3) To keep accurate and detailed records of the administration of the Plan, including the amount of Accumulated Contributions credited to the account of each Member, which records shall be open to inspection by the City at all reasonable times;
(4) To establish and enforce such rules, regulations and procedures as it shall deem necessary or proper for the efficient administration of the Plan;
(5) To delegate to any agents such duties and powers, both ministerial and discretionary, as it deems appropriate, by an instrument in writing which specifies which such duties are so delegated and to whom each such duty is so delegated; and
(6) To keep a record of all its proceedings, which shall be open to public inspection, and to publish annually a report showing the fiscal transactions of the Plan for the preceding fiscal year and the financial statement showing the assets of the Plan.
Board of Trustees—Composition—Vacancy—Compensation—Oath—Votes.
A. The general administration and the responsibility for the proper operation of the Retirement System shall be vested in a Board of Trustees of eight persons. The Board shall be constituted as follows:
1. The Chief of the Fire Department of the City, ex officio;
2. The Comptroller or Deputy Comptroller of the City, ex officio;
3. Two (2) members to be appointed by the Mayor of the City to serve for a term of 2-years;
4. Three (3) members to be elected by the members of the Retirement System for a term of 3-years who shall be members of the system and hold office while members of the system;
5. One (1) member who shall be a retired fireman to be elected by the retired fireman who shall hold office for a term of 3-years.
B. If a vacancy occurs in the office of Trustee the vacancy shall be filled for the unexpired term in the same manner as the office was previously filled.
C. The Trustees shall serve without compensation, but they shall be reimbursed from the expense fund for all necessary expenses which they may incur through service on the Board.
D. Each Trustee shall within ten days after his appointment or election take an oath of office before the Clerk of the Circuit Court of the City, that, so far as it devolves upon him, he will diligently and honestly administer the affairs of the Board and that he will not knowingly violate or willingly permit to be violated any of the provisions of the law applicable to the Retirement System. The oath shall be subscribed to by the member making it and certified by the Clerk of Circuit Court and filed in his office.
E. Each Trustee shall be entitled to one vote on the Board. Five votes shall be necessary for a decision by the Trustees at any meeting of the Board.
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