Tag: Tessa Bentulan

Springfield looks to make extra payment to fire, police pension funds

Mary Pat Campbell

Link: https://newschannel20.com/news/local/springfield-looks-to-make-extra-payment-to-fire-police-pension-funds

Excerpt:

The City of Springfield is looking to make a payment to the city’s growing fire and police pension funds.

An ordinance states the city can put $589,323 towards that pension fund.

During the Committee of the Whole meeting on Tuesday, Feb. 9, Springfield City Council members were in favor of doing this, including Ward 7 Alderman Joe McMenamin.

Author(s): Tessa Bentulan

Publication Date: 10 February 2021

Publication Site: News Channel ABC 20

Springfield will make extra payment to police, fire pension funds

Mary Pat Campbell

Link: https://newschannel20.com/news/local/springfield-will-make-extra-payment-to-police-fire-pension-funds

Excerpt:

The City of Springfield is going to make an extra payment to their growing fire and police pension funds, but this is only going to make a small dent in the overall pension costs.

During the Springfield City Council meeting on Tuesday. Feb. 16, the aldermen voted in favor of making a $589,323 payment to the police and fire pension funds.

The reason they can make this move is because their corporate fund balance was over 20% after closing the books on Fiscal Year 2020 last August, but Springfield Mayor Jim Langfelder said this is small.

Author(s): Tessa Bentulan

Publication Date: 16 February 2021

Publication Site: News Channel ABC 20