Fire pension contribution review
City of HighwoodIllinois- Detected
- Oct 20, 2026
- 13 days ago
- Sector
- Payroll and Pension
- Est. value
- Free account
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From the meeting
Staff reviewed the Firefighters' Pension Fund actuarial valuation for the fiscal year ending April 30, 2026. The report showed a net actuarially determined city contribution of $144,615 and a statutory minimum contribution of $89,285, and staff said it would recommend the minimum contribution instead of the board's requested amount. This is a budget-setting signal for the next levy and pension funding discussion, with the actuary and pension board shaping the amount.
- Meeting date
- October 20, 2026
- Agency
- City of Highwood
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