Police Officers' Retirement Commission

Meetings

9 a.m.
Third Wednesday of February, May, August, November

Members

Method of Appointment

Three members are appointed by the City Council upon the recommendation of the Mayor. These members are as follows:

One representative from the Finance Committee
One representative who is retired under the plan
One representative who is a citizen of the city, but not officially connected with the governing body of any municipality or entitled to participate in the plan

For specific information on non-appointees, see Section 15-33.

Number of Members

Four voting members
Two alternates
Two non-voting members

Terms of Office

See Special Notes

Chief Staff Person

Lisa Saunders
Chief Financial Officer
Phone: 336-747-6911

Current Membership

Name	Race & Gender	Term	Expiration
Robert C. Clark City Council Finance Committee Representative	White Male	N/A	N/A
Captain Michael J. Cardwell, Alternate Member	N/A	N/A	N/A
Napoleon Richardson, Jr.	Black Male	2-2	May 2019

Name	Race & Gender	Term	Expiration
Lieutenant Thomas E Craven, Member	N/A	N/A	N/A
Lieutenant David L. Rose, Member	N/A	N/A	N/A
Jay Edwards, Member, Vice Chairman	White Male	1-4	May 2020
Vince A. Rega, Alternate	White Male	1-4	May 2020

Name	Race & Gender
Lisa Saunders	White Female

Name	Race & Gender
Carmen Caruth	Black Female

Actuary

Boomershire Consulting, Inc.

Trustee

US Bank

Authority for Creation

The authority for establishing this Commission is Article III of Chapter 128 of the General Statutes of North Carolina, as amended to apply to the City. The Commission was created by Section 15-33 of the City Code.

Purpose / Function

The Commission has the responsibility to see that the plan is administered in accordance with its terms and in conformity with the state plan to the extent practicable. This includes duty to approve all requests for retirement from its membership. Establish rules and regulations for administration of the plan, develop a Fiscal Year Annual Report for City Council indicating financial condition of the plan, keep members of the plan advised of amendments and changes.

Special Notes

The terms of office for members appointed by the City Council are as follows:

The representative from the membership of the Finance Committee serves at the pleasure of the City Council.
The representative who is retired from the plan serves for a three-year term.
The citizen representative serves for a two-year term.
Two representatives and two alternates representatives elected by the members of the plan from their number serve four-year terms, and a citizen representative services two-year term as chairperson.