Section 18-38 Same--Powers and duties.

(a) The board shall oversee and establish policies for the police retirement trust, advise the city council and the director of finance upon the administration of the fund, shall hear appeals from the decisions of the director of finance in accordance with the provisions of this article and such additional rules as it shall adopt.

(b) R ecords of hearings before the board and its minutes shall be kept. These records of the proceedings of the shall be open to the public during all regular business hours; however, the records of medical examinations of any retiree or applicant for retirement shall be closed records .

(c) The board shall have exclusive original jurisdiction to receive, hear and rule upon all appeals from decisions of the administrator for benefits from the fund under the contested case provisions of chapter 536 RSMo.

(d) The board may prescribe rules and regulations, not inconsistent with state laws or this article, to govern and control the hearing, consideration and disposition of all appeals, and other administrative matters and proceedings before the board.

(e) The board shall advise the council in order that a high degree of care is exercised to keep the police retirement fund safely invested in such securities as will afford the greatest return consistent with safety of principal, but such investments shall be limited to such securities as are, or may be eligible by the laws of the State of Missouri.

(Code 1964, § 9.1910; Ord. No. 12868, § 1, 2-4-91; Ord. No. 018160, § 1, 7-6-04)

(Ord. 018160, Amended, 07/06/2004, Prior Text)