F&P Board of Trustees

The F&P Board of Trustees (Board) was created by law and is responsible for the general administration and the proper operation of the F&P and the enforcement of the provisions in Article 22 of the Baltimore City Code.

The Board has a fiduciary responsibility for the management and administration of the F&P. The Board is comprised of nine trustees to include the City Comptroller, the Police Commissioner, the Fire Chief, an active member and a retired member of the Fire Department, an active member and a retired member of the Police Department and two citizens of the City of Baltimore appointed by the Mayor. The Comptroller, Police Commissioner and Fire Chief may designate a representative to act in his or her place. Each trustee takes an oath of office.

Elected active and retired member trustees serve four-year terms. Trustees appointed by the Mayor serve terms concurrent with the Mayor's term. Appointed trustees continue to serve until replaced by the Mayor, or until the expiration of two consecutive full terms. There is no term limit for an elected trustee. The Comptroller, Police Commissioner and Fire Chief are ex-officio members.

The trustees elect a chairman and vice-chairman from the Board to serve two-year terms. The trustees also elect four members from the Board to serve on the Investment Committee. The Executive Director of the F&P serves as the Secretary to the Board.

Each trustee is entitled to one vote on the Board. Five members of the Board constitute a quorum for the transaction of any business.

The Board meets monthly. Meetings are open to the public unless the Board meets in executive session as allowed pursuant to Maryland law.

The trustees serve without compensation and may receive reimbursement for Board related expenses.