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Saint Charles council backs surplus policy with sunset to keep pension and OPEB funding on track
Village of Saint Charles Council · November 13, 2025
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Summary
Council discussed and approved a sunset provision for the village’s annual surplus policy that directs 25% of surplus general-fund dollars to pension funding, 25% to OPEB and the remainder to the general fund; presenters said the pension fund is about 75% funded and OPEB is above 35%.
Councilmembers reviewed the village’s surplus policy during new business and moved to add a sunset date so future boards would re-evaluate the allocation formula.
A presenter said the policy, introduced in 2019, directs extra general-fund dollars 25% to the village pension, 25% to…
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