illinois municipal retirement fund http://tristatesradio.com en Galesburg Looking to Improve Pension Funding http://tristatesradio.com/post/galesburg-looking-improve-pension-funding <p>Galesburg Mayor Sal Garza said the city is developing a strategy to avoid the same pension system headaches plaguing the state.<br /><br />Illinois has billions of dollars in unfunded pension liabilities. While Galesburg&#39;s obligations are nowhere near those amounts, Garza is concerned that the police and fire pension systems are receiving less than 60% of what they should be getting from the city.<br /><br />The city&#39;s IMRF (Illinois Municipal Retirement Fund) is at 90%, and Garza would like to bring the police and fire systems up to that level.<br /> Tue, 31 Jan 2012 20:18:55 +0000 Rich Egger 9535 at http://tristatesradio.com Galesburg Looking to Improve Pension Funding