Police Department - Police Pension Fund
The Marengo police pension fund is governed by the police pension board that consist of four members, two of the members are appointed by the mayor and serve a two year term, the other two members are elected by the officers themselves and also serve a two year term.
The pension is funded by a tax levy and a portion of each sworn officers salary. The fund is managed by Amcore bank investments and is guided by the investment policy of the Marengo police pension fund, the Illinois department of insurance, and state laws.
The board meets four times a year to discuss pension issues and to chart the progress of the fund. The following are the dates ,times, and places the board will hold its meetings for the year(s) 2004/2005, anyone is welcome to attend these meetings.
** Schedule to follow soon**
The current Marengo police pension board members are;
- President James Hare
- Vice President William Ryman
- Secretary Detective Richard Solarz
- Assistant Secretary Rodney Riley
Direct links to Police Department pages below...