City Council Study Session - September 23, 2024

Rock Island City Council · September 23, 2024

0:00/33m

33:39

0:00

10:00

20:00

33:39

Opening: pension statutory minimums and staff follow-up

Presentation

0:00 → 0:32(32s)

Speaker 1 opened noting the state's actuary (Foster and Foster) provides the statutory minimum for police and fire pension funds for 2025 and said staff will present both statutory and staff-recommended numbers in a memo in the next council packet.

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City council heard an actuarial valuation for Rock Island’s police and fire pension funds showing recommended 2025 transition contributions and a consultant presentation concluding the downtown area likely qualifies for a new TIF district; no votes were taken on either item.

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Transcript

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