Strategic Retirement Governance
The Local Pension Board is responsible for deciding all questions of eligibility and service credits, and determining the amount, manner and time of payment of any benefits under the Plan. The PSPRS Board of Trustees cannot pay any benefits under the Plan without the direction and approval of the Local Pension Board.
The Pension Board is comprised of five members – Governing Board Clerk, two citizen members – one of whom is the Fire Chief, and the other appointed by the Governing Board, and two elected District employees.
The Board must hold at least one meeting per year. Pension Board meetings are not held on a preset schedule, but rather as events arise requiring board decisions. These decisions would include items such as adding new members, transfers, retirements and pending retirements.
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