Pursuant to Article 3 of the Illinois State Pension Code, the Village of Winnetka is required to establish and administer a police pension fund for the benefit of the Village’s sworn police officers, and of the officers’ surviving spouses, children and certain other dependents. The Police Pension Board is a five-member board that is created by Section 3-128 of the Pension Code and is charged by law with controlling and managing the Police Pension Fund. The Police Pension Fund derives its funds primarily from property taxes and police officer contributions.