Board hears IMRF accelerated‑payment estimates; Negotiating Team process discussed
Finance Committee Chair David Meinhold explained IMRF anti‑pension‑spiking rules (6% Accelerated Payment and 125% cap) and presented estimated accelerated payment liabilities for certain elected officials; the Board discussed Negotiating Team composition and process for upcoming contract talks.
The full story
Finance Committee Chair David Meinhold provided the Board with an overview of IMRF anti‑pension‑spiking measures and presented specific accelerated payment estimates the county could face if certain end‑of‑career pay increases occur.
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