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1. What is the definition of fiduciary?

A fiduciary is a person responsible for the discharge of duties with respect to the Pension Plan, solely in the interest of the participants and beneficiaries for the exclusive purpose of providing benefits and defraying reasonable expenses of administering the Plan.

2. What is the Government in the Sunshine Act?

The Government in the Sunshine Act prohibits communication between Trustees outside of a public meeting on any matter which shall be the subject of a Board action. The Act also requires public noticing of all meetings, open public attendance at meetings and meeting locations where public access is reasonably available.

3. How do I volunteer to serve on the Board of Trustees?

Download and complete an Advisory Board Application and submit it, with a resume, to the office of the Mayor, Palmetto City Hall. Advisory Board Application

4. What is the term of an appointment?

A term is for three years, with reappointment for succeeding three-year terms.

5. What is the Form 1-Statement of Financial Interests, and why does it have to be completed on an annual basis?

Florida Statutes require that elected officials, appointed officials and appointed board members that have certain advisory or investment powers must file Form 1-Statement of Financial Interests annually during the term of an appointment. Form 1F-Final Statement of Financial Interests is filed when leaving office or an appointed position.