The Executive Director is responsible for all activities within the scope of the PHA and is accountable to the PHA Board of Commissioners for those activities. The Panama City Firemen's Pension Fund Board is a five-member board. The City Commission appoints two members to serve on the board. The Panama City Fire Department elects two board members. The board then appoints the fifth member.
Members serve two-year terms.
The Firemen's Pension Fund Board is responsible for the investment and reinvestment of the assets of the Fund, for determining all claims for retirement benefits, for exercising the sole and exclusive administration of and the proper operation of the Plan. The board performs such actuarial and accounting functions as are required by law and fulfills all other such duties as may be required by law. The board meets in regularly scheduled quarterly sessions, on the first Thursday in the months of March, June, September and December during the year. The board may meet as otherwise necessary. The City Clerk's Office is responsible for preparation of an agenda and the administration of the Fund.