Sec. 121.117. - Executive Director-Administrator.

(a) The selection of any Executive Director-Administrator of the Jacksonville Police and Fire Pension Fund Board of Trustees shall be governed by a professional process subject to Florida law in which the candidate shall be selected by the Board using the City Employee Services Department's search and selection processes, and, if necessary, utilizing the assistance of an executive search firm retained by the Board of Trustees. A salary and benefits survey should be conducted prior to advertising for the position in order to establish a compensation level comparable to funds of similar size and complexity to the Fund. In addition to the requirements of applicable law, candidates will be required to have a minimum of five years of pension administration or institutional investment experience, expertise in the oversight of investment portfolios, and a degree in finance, economics, accounting or a related area of study from an accredited university. Comparable experience administering the activities of a state or local public pension plan will also be considered. Candidates who are CPAs or who have a JD, MBA or CFA degree will be preferred. This Section shall not apply to anyone holding the position of Executive Director-Administrator at the time of the enactment of this Section. (b) As part of the selection of any future Board of Trustees' Executive Director-Administrator, the aggregate compensation of the Executive Director-Administrator shall be determined in accordance with the market analysis of comparably-sized public pension plans as noted in subsection (a). The City and Board of Trustees shall ensure that any future Executive Director-Administrator and any senior management employee shall be placed in either the City General Employees' Pension Plan or a defined contribution plan with the Board of Trustees' employer contribution subject to the limits of federal law. (Ord. 2015-304-E , § 1)