Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Retirement topic
No spam. Unsubscribe anytime.
Huntley Police Pension Board approves retirement pension for Sergeant Megan E. Carney
Summary
The board approved a regular retirement benefit for Sergeant Megan E. Carney, accepting the calculation prepared by Lauterbach & Amen that lists a monthly benefit of $7,130.18 and an annual amount of $85,562.16.
At its July 24, 2025 meeting, the Huntley Police Pension Fund Board of Trustees approved the regular retirement benefit calculation for Sergeant Megan E. Carney.
Lauterbach & Amen presented the calculation showing an entry date of August 23, 1999; retirement date June 5, 2025; 25 years of creditable service; an applicable salary of $136,899.40; an applicable pension percentage of 62.50%; an originally granted monthly pension of $7,130.18 and an annual pension amount of $85,562.16. Trustee Joseph Lanute moved to approve the calculation and Trustee Cathy Haley seconded; the motion carried by roll call vote (AYES: Hewitt, Lanute, Mraz, Haley; ABSENT: Heagney).
The calculation document presented to the board lists an "effective date of pension" of April 22, 2027. That date is recorded in the calculation as presented to the board; the board did not amend that entry at the meeting and deferred any further administrative questions to Lauterbach & Amen for clarification. The board noted the retirement for processing and approval under the fund’s standard procedures.
The board will continue routine post-approval steps, including recordkeeping and benefit payment setup as appropriate.
