The Cary Board of Trustees of the Police Pension Fund is a five member board, with the majority being residents of the Village. Two members of the Board are appointed by the Mayor, by and with the advice and consent of the Village Board of Trustees. Two members of the Board are elected by the police force and are active members of the Police Department. One member is elected by and from the beneficiaries of the fund.
The main duties of the Board are to manage the overall operations of the Police Pension Fund and its assets, including the investment of money and the administration of benefits. Meetings are typically held four times per year. A new member is required to complete 32 hours of training during the first year of service and 16 hours of continuing education each year thereafter. Desired qualifications of the candidate include: financial/investment services background and a strong desire to serve the public.