Pension Board Member (Birmingham Firefighters' and Police Officer's Supplemental Pension Board)

TARGET CLOSE DATE:

12/31/2025

PAY GRADE:

POL

TYPE:

Part time

JOB SUMMARY:

Pursuant to Act No. 2007-503, the Personnel Board of Jefferson County (PBJC) is responsible for electing/appointing Member Number One to the Firefighters' and Police Officers' Supplemental Pension Board of Managers for the City of Birmingham to serve a four-year term. Members of the Firefighters' and Police Officers' Supplemental Pension Board meet on a monthly basis and are not paid for their service.

The Pension Board Member serves as a fiduciary representative overseeing the City’s supplemental pension fund. This role involves reviewing financial and investment reports, approving pension applications, and contributing to informed decision-making that ensures the stability and integrity of the plan.

Meeting Schedule: Second Wednesday of each month, 1:30 PM (meetings typically last 25–30 minutes, but no more than 90 minutes).

COMPENSATION & BENEFITS:

There is no compensation associated with this role.

​MINIMUIM QUALIFICATIONS:

Minimum of five (5) or more consecutive years as an executive in insurance, actuarial, investments, or banking, or as a certified public accountant immediately preceding his or her appointment.

Key Responsibilities:

Financial Oversight:

o   Review monthly financial statements and annual audits prepared by the City.

o   Record whether monthly participant and City contributions exceed or fall short of operating costs to identify surpluses or deficits.

Investment Monitoring:

o   Review monthly investment reports to determine overall portfolio gains or losses.

o   Engage with investment advisors on performance updates, strategies, and recommendations.

Pension Application Review:

o   Approve service pension applications, consulting with the Finance Department on any unusual or exceptional cases.

o   Coordinate with Police and Fire representatives who are familiar with applicants.

·       

Board Participation:

o   Attend monthly meetings and participate in presentations from current and prospective money managers.

o   Contribute to transparent, well-informed discussions that support prudent fund management.

PHYSICAL DEMANDS:

WORK ENVIRONMENT:

EEO STATEMENT:

The Personnel Board of Jefferson County provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws. This policy applies to all terms and conditions of employment with the Personnel Board of Jefferson County, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.  Each Merit System member city/agency operate its own equal employment opportunity policies available on the individual city/agency website.

ACCOMMODATION:

NOTE:

This job posting may close before, or be extended beyond, the listed Target Close Date based on the employment needs of the Merit System. More detail regarding this job is available by clicking Apply.

DISCLAIMER:

This job posting is not meant to be an all-inclusive list of the job duties, responsibilities, or skills and abilities required to do the job and may be changed at the discretion of the Personnel Board at any time.