By: Diane Benjamin
The law was changed in 2012 to require additional contributions to IMRF retirement fund if employees received large payouts that increased their pension at retirement. (accelerated payments) That law was badly needed because cities and employees never contributed to the higher payouts.
Since the spiking practice should now be over in Bloomington I FOIA’d IMRF for the final totals. It appears to not be over in Normal.
Yes, it took Bloomington EIGHT YEARS to fix Sick Leave Buy Back. Imagine what could have been done with that much money and what was spent on the Never Used Fire Station and Water Tower.
Now you know why the roads can’t get fixed.