By: Diane Benjamin
Normal has 136 retired employees collecting a pension. The information below is from OpenTheBooks.com https://www.openthebooks.com/Pension/TownNormal
At Monday’s Council meeting Karyn Smith asked the Finance Director how much employees contribute. Police and Fire contribute between 9.8 and 9.9%. Other employees contribute 4.5%. All will also receive Social Security. See the video at 18:45 in previous links to the meeting.
Instead of fixing overly generous benefits at taxpayer expense, Illinois wants to consolidate plans and raise taxes.
Note: These are MONTHLY