ACT 345 Retirement System
"AN ACT to provide for the establishment, maintenance, and administration of a system of pensions and retirements for the benefit of the personnel of fire and police departments employed by cities, villages, or municipalities having full paid members in the departments, and for the spouses and children of the members; to provide for the creation of a board of trustees to manage and operate the system; to authorize appropriations and deductions from salaries; to prescribe penalties and provide remedies; and to repeal all acts and parts of acts inconsistent therewith." - Fire Fighters and Police Officers Retirement Act Act 345 of 1937
Fire Department and Police Department Appointees are 4-year terms and expire 6/30. The Act, however, does not specify length of term of the City Manager appointments.
Board consists of 5 members:
- The Treasurer of the City
- An active member of the Fire Department - elected by a majority vote of Fire Department members.
- An active member of the Police Department - elected by a majority vote of Police Department members.
- Two additional members appointed by legislative body or by another person authorized to appoint administrative officials.