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Marion council approves actuarial pension contribution increases for police and firefighters
Summary
Following an actuarial presentation, council approved the treasurer's recommendation to raise pension contributions: annual firefighter contribution reported at $1,197,540 (monthly $99,795) and police at $1,527,480 for the 2026 calendar year; council approved the recommendation by roll call.
The Marion City Council voted to approve actuarially recommended pension contribution increases for the police and firefighter pension plans during the meeting.
A city treasurer reported the actuarial results and recommended increases for the 2026 calendar year. The treasurer recommended increasing the firefighters' contribution by $41,888 (final annual firefighter contribution stated as $1,197,540; monthly amount shown as $99,795). For the police officers' pension the treasurer recommended a yearly increase of $98,160 and stated a final annual contribution of $1,527,480.
A council member moved to approve the police and firefighter pension contributions per the actuarial recommendation for calendar year 2026; the motion was seconded and the council approved the motion by roll call.
Why it matters: The council's vote implements the actuarial funding recommendations to help meet the pension plans' obligations. The treasurer's presentation included several numeric references and the record shows the council adopted the recommendation as presented. The minutes reflect a short exchange about rounding and where figures appear on packet materials.
The council requested the amounts be included in the meeting minutes. No amendment to the recommended amounts was made at the meeting; council approval accepted the actuarial figures for 2026.
