Pension Funding

By:  Diane Benjamin “One of the best-funded pension plans in the country is the nearly 90 percent funded Illinois Municipal Retirement Fund, which has long had the ability to enforce payments into the plan.” IMRF funding isn’t a problem.  That’s why pension spiking penalties were enacted, the fund couldn’t afford to pay pensions for employees […]

Is Renner delusional?

By:  Diane Benjamin Tari Renner was on WJBC this morning with Scott Laughlin.  Scott asked Tari about pension funding. Tari had to mention the pension funding award he accepted several years ago.  Pension funding was neglected for many years so Bloomington could do fun stuff like the BCPA and the Coliseum.  When Tari was elected […]

Town of Normal Debt

By:  Diane Benjamin As of 3/31/17 PDF page 41:  http://www.normal.org/DocumentCenter/View/12750 Yes the citizens still owe $87,783,723 for Koos’s Uptown dreams. Police pensions are only 51.76% funded (PDF Page 129) Fire pensions are only 55.53% funded (PDF Page 130) That is why citizens are on the hook for $56,106.352 just for these two pension funds.  Obviously the guys […]