By: Diane Benjamin
I’ve questioned for YEARS why CIRBN employees are considered Town of Normal employees entitled to all the benefits every other employee has.
CIRBN is a direct competitor to other internet providers who don’t have that luxury. The Town of Normal has subsidized CIRBN by using their service and paying them to run fiber to Normal’s preferred customers. This is just another example of the “friends and family plan”.
This cozy relationship is now over. The documentation for Monday’s meeting claims CIRBN requested the 2014 relationship be severed. I smell an election coming.
A private company should never have been allowed to put their employees on the Town’s payroll and receive the lavish benefits and pension funding. It is way past time to end this relationship.
Here’s where it gets funny. The Town isn’t sure how much the IMRF pension fund has in CIRBN employee’s names, maybe $215,000, but it will be refunded to CIRBN. Instead of having IMRF (the retirement fund) make the refund the Town is going to pay CIRBN from the General Fund.
According to the Comptroller’s site, IMRF was 88.2% funded as of 3/31/2019. That is roughly twice the percent funded for police and fire pensions. At a time when Town revenue is down, why the rush to refund the money when IMRF can do it?
Documentation for Monday:
PDF page 28:
I can’t wait to see what the Town “fixes” next!
Maybe somebody will suddenly appear to sublet the second floor of 1 Uptown Circle.
Maybe somebody Koos approves of will finally rent the first floor.
Maybe the Town will end the cheap lease of Sprague’s gas station with Teri Ryburn.
Original CIRBN agreement:
Has the Town staff known for 6 months and didn’t bother to tell the Council? When did the agreement to sever happen?
More on ending the agreement:
Is an audit being completed to make sure the Normal taxpayers get their “equitably adjust payment”?
Who voted to make CIRBN employees Town employees in the first place:
Own a business? Your employees can’t get the deal CIRBN got!
At least it is FINALLY over! Maybe CIRBN is going out of business since they lost Unit 5. https://blnnews.com/2018/05/22/cirbn-another-government-waste/