b'SYSTEM ADMINISTRATIONTheFireandPolicePensionSystemisadministeredbya Boardofninecommissioners:fiveappointedbytheMayor and four elected by members. Fire and Police sworn employ-ees each elect one active member, and Fire and Police retir-ees each elect one retired member. The Board administers the System in accordance with the City Charter and the State Constitution. Article XVI, Section 17 (a) of the State Constitution provides the Board sole and exclusive responsibility to admin-ister the system in a manner that will assure prompt delivery of benefits and related services to the participants and their beneficiaries. Section 17 (b) further provides that members of the Retirement Board of a public retirement system shall dischargetheirduties.solelyintheinterestof,andforthe exclusive purpose of, providing benefits to participants and their beneficiaries, minimizing employer contributions there-to, and defraying reasonable expenses of administering the system. A Retirement Boards duty to its participants and their beneficiaries shall take precedence over any other duty.BOARD MEETINGSThe Board meets on the first and third Thursdays of the month at 8:30 a.m. Most meetings, including special meetings, are from two to four hours in duration. The Boards current directo-ry and meeting information are available on the Department website at: lafpp.lacity.gov/meetings/.SECTION 1 Introduction 11'