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Normal trims extra police and fire pension payments while keeping 2040 100% funding goal
Summary
Finance staff told the council the town will scale back some supplemental pension payments to manage a revenue shortfall but will continue its policy goal of reaching 100% funding for police and fire pensions by 2040; staff said the state requires 90% by that date.
Town of Normal finance staff told the council they would reduce some supplemental payments to police and fire pension funds as part of the proposed FY25‑26 budget but reaffirmed the town’s internal goal to reach 100% funding by 2040. Staff said the state requires 90% funding by 2040.
During the meeting Finance Director Mr. Heun said the town had previously made extra pension payments when…
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