Police Pension Fund Board
Police Pension Fund Board meets as necessary at Village Hall.
The Steger Police Pension Fund is guided by a five member board, consisting of two active police officers, a retired police officer, and two citizens appointed be the Village President (By Illinois statue). Board Members are required to obtain 16hrs of Continuing Education per year. New Board Members are required to pass a 32 hour training course.
The Police Pension Fund is the sole retirement system for Steger Police Officers. Officers do not pay into or receive Social Security. Retired officers DO NOT receive Medical benefits (insurance). Active police officers pay 9.91% of their salary to the Steger Police Pension Fund Police & FIre Pension Funds are regulated & audited by the Ilinois Dept of Insurance.