§ 7.03. Knox County Retirement and Pension Board.

A.

The Knox County Retirement and Pension Board shall have nine (9) members. The members shall be the Mayor, four (4) members of the Commission to be selected by a majority vote of the membership thereof and four (4) current employees of Knox County who are participating members of the system.

B.

The Commission shall select four (4) of its members to serve on the Knox County Retirement and Pension Board at its first session on or after September 1, 1990, and every four (4) years thereafter for terms of four (4) years concurrent with their terms as members of the Commission.

C.

The Mayor shall serve as a member of the Knox County Retirement and Pension Board concurrently with his term as Mayor.

D.

The active participants in the Knox County Retirement and Pension System shall select two (2) active participants as members of the Retirement Board each two (2) years for four (4) year terms under such procedure as may be established by the Retirement Board. The terms of members elected by the participants shall begin on March 1 following their election. The terms of two (2) members elected by the participants shall begin on March 1, 1991 for four (4) year terms and two (2) participant members shall be elected for terms of two (2) years beginning on March 1, 1991. The participant members of the former Knox County Retirement and Pension Commission, established by Chapter 246 of the Private Acts of 1967-68, shall serve as members of the Retirement Board from the effective date of this Charter until participant members are elected as herein provided.

E.

The members of the Retirement Board shall serve without compensation but may be reimbursed for any necessary and reasonable expenses incurred by them in the performance of their duties. A member of the Retirement Board shall not be prohibited from participating in the benefit or pension plans of any other retirement fund. Any vacancy in the membership of the Retirement Board shall be filled in the same manner as the original member to serve for the remainder of such term.

F.

A majority of the authorized membership of the Retirement Board shall constitute a quorum and all actions taken must be by a majority of the authorized membership. The Retirement Board shall, at its regular meeting in September, elect a Chairman(woman) and such other officers from its members as it deems appropriate for terms of one (1) year. The Retirement Board shall meet at least monthly in regular session, and special meetings may be called by the Chairman(woman) or by written request of a majority of the members.

(Ref. of 8-5-04)