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Council approves additional $100,000 IMRF payment
Olney City Council · December 9, 2025
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Summary
Olney will contribute an additional $100,000 to the Illinois Municipal Retirement Fund this year, the same supplemental payment made the last two years; staff noted the IMRF funding level at about 86.52%.
City staff recommended and the council approved a resolution to make an additional $100,000 payment to the Illinois Municipal Retirement Fund (IMRF) to help pension funding. Staff noted the city has made the same supplemental contribution the prior two years and that the IMRF fund's current funded ratio was at 86.52%.
Council moved, seconded and approved the resolution with no amendments recorded in the meeting excerpt.
