By: Diane Benjamin PDF page 336 http://www.cityblm.org/Home/ShowDocument?id=20206 Sick Leave Buy Back and the resulting pension spiking is finally being addressed (years late) Monday night. The law changed in 2012 to allow IMRF to penalize municipalities who practice pension spiking. Without doing another FOIA to IMRF, I believe the penalties Bloomington has paid are nearing $2,000,000. […]
By: Diane Benjamin I saw this on the agenda for the Town of Normal last Monday: http://www.normal.org/ArchiveCenter/ViewFile/Item/2634 The document goes on to appoint the Deputy City Manager as representative to IMRF. The Town of Normal hasn’t paid the huge penalties Bloomington has from pension spiking. Bloomington has paid $1,877,252.40, in August of 2015 Normal had paid […]
How much are the penalties for not buying a health plan? The penalties are not very high to begin with. In 2014, the fine to remain uninsured is $95 per person (up to a family maximum of $285, or 1 percent of family income, whichever is greater). But the penalty will increase more than sevenfold […]
