Prior to the adoption of Ord. 018160 on 07/06/2004, Section 18-38 read as follows.

    (a)     The PRB 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)     The administrator shall keep the books and records of the PRF with these being audited annually by an independent auditor as a part of the city's annual audit; provided, however, that r Records of hearings before the PRB board and its minutes shall be kept by its secretary. These records of the proceedings of the PRB board shall be open to the public during all regular business hours; however, the records of medical examinations made of any retiree or applicant for retirement shall not be subject to inspection by the public 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. and to hear and determine all such appeals. The decision of the board shall be in writing, and the board may take and preserve the evidence on any disputed claim and such evidence, records, findings and decision of the board shall be subject to judicial review on certiorari or other proper legal procedure with the full right of appeal from the decision of the reviewing court on appeal, as in other civil cases.

    (d)     The PRB shall have the power, and they are required, to 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 such the board.

    (e)     The PRB board shall advise the council in order that a high degree of care is exercised to keep the PRF 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.

    (f)     The PRB shall hold regular meetings at a time to be fixed by it, and may hold such meetings as may be required for the transaction of the business of the board.

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