The Firemen's Annuity and Benefit Fund of Chicago is administered by a Board of Trustees called the Retirement Board. It is composed of eight members: four Ex-Officio; the City Treasurer, City Clerk, City Comptroller and Deputy Fire Commissioner, and four persons who must be participants in the Fund; three active and one retired. The City Treasurer, with the prior approval of the board, may appoint a designee (proxy) from among employees of the city who is versed in the affairs of the City Treasurer's office to act in the absence of the city treasurer on all matters pertaining to administering the provisions of this Article.
The Board shall conduct regular elections annually, at least 30 days prior to the expiration of the term of the active fireman member of the board whose term next expires, for the election of a successor for a term of 3 years. The Board also shall conduct regular elections, at least 30 days prior to the expiration of the term of the member who is a pensioner of any pension fund formerly in effect in such city or an annuitant of the annuity and benefit fund herein provided, for the election of a successor to such member for a term of 3 years.
In accordance with 40 ILCS Act 5, Article 6-174 and 175, election(s) will be held to fill the offices of Active Firefighter Member and Annuitant Member Trustee(s) of The Retirement Board. Respective positions become vacant December 1, annually by reason of the expiration of the term of a present incumbent.