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Police Pension Board

Meetings: 

Meetings are open to residents, other members of the public, press and members of the Pension Fund.

 

Third Thursday Quarterly - January, April, July and October at 7 p.m.
Elburn Village Hall 301 E. North St. Elburn, IL 60119

Members: 

Active participant - R. Erich Schlachta - President (Term expires 4/30/2016)
Active participant - Appointed by Mayor - Kenneth Gustafson - Vice President (Term expires 4/30/2016)
Appointed by Mayor - Jan Carlson - Assistant Secretary (Term expires 4/30/2015)
Beneficiary - Steven Furlan - Trustee (Term expires 4/30/2016)

Doug Elder – Treasurer
Diane McQuilkin – Recording secretary

 
Police Pension Board:
State law requires the establishment of an Article 3 Downstate Police Pension once the Village's population reaches 5,000 or more. 

The Village of Elburn received notice from the U.S. Census Bureau that the village's population now exceeds 5,000. 

As a result, in June 2011, the Village President and Board of Trustees established the Police Pension Board.

A board of 5 members shall constitute a board of trustees to administer the pension fund and to designate the beneficiaries thereof. The board shall be known as the "Board of Trustees of the Police Pension Fund" of the municipality. 

Two members of the board shall be appointed by the mayor or president of the board of trustees of the municipality involved. The 3rd and 4th members of the board shall be elected from the active participants of the pension fund by such active participants. The 5th member shall be elected by and from the beneficiaries.