The Village of Bradley Police Pension Fund was established for the benefit of its full time police officers and of their surviving spouses, children and certain other dependents, as required by state statute. The Board of Trustees of the Police Pension fund consists of five members: two appointed by the Village President, two elected from the regular police force and one from the beneficiaries of the fund as created by statute. The term of each member shall be two years as is provided by state statute. The Board of Trustees of the Police Pension fund shall have the powers and duties delegated to it by state statute. The members of the Bradley Police Pension Fund Board of Trustees serve without compensation.