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Police Pension Board
Board Trustees
- Frederick Ferrara, Chairperson
- Cindy Murphy-Salomone
- Gerry Volpe
- Gail Reinfeld
Overview
Below are a list of duties/responsibilities of the trustees of the Board:
- Attend four quarterly publicly noticed meetings throughout the year.
- Act as the named fiduciary of the Pension Plan as defined by Florida law.
- Be responsible for establishing, executing, and monitoring the Pension Plan's Investment Policy Statement.
- Approve methods of internal reporting and control and ensure overall compliance with appropriate governing conditions.
- Have the exclusive authority to operate, maintain and interpret the provisions of the ordinances creating the Plan.
- Select and retain professional service providers, including but not limited to accountants, actuaries, administrators, attorneys, banks and custodians, investment managers, performance monitors and any others deemed necessary to the operation of the Plan.
- Establish uniform rules and procedures to be followed for administrative purposes, benefit applications, and all matters required to administer the Plan.
- Authorize all payments and other expenditures arising through operation of the Plan and system.
- Direct such actuarial and accounting functions as are required by law. File reports with the State of Florida and other appropriate bodies.
The Parkland Police Pension Board of Trustees is a five-member board comprised of two police officer participants, two residents of Parkland appointed by the City Commission, and a fifth member chosen by the other four members. Interest in or experience with pension plans, actuarial studies, and investments are a welcome addition to the Board.
Police Pension Board meetings are held quarterly, at 6 p.m., on the last Monday of the month. View meeting agendas and minutes.
For more information, please contact the City Clerk's Office at 954.757.4132.