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B • Proclamations / PresentationsCity of Elgin (Bastrop County)
Advance 2022 Funding for the Police and Fire Pension Funds ($5,207,800
Presented in: City of Elgin City of Elgin Committee of the Whole Meeting Item A on 2021-10-13
Staff Report & Agenda Item Details
B. Advance 2022 Funding for the Police and Fire Pension Funds ($5,207,800: $2,570,500 Police Pension Fund; $2,637,300 Fire Pension Fund) Objective: Provide the police and fire pension funds with advance financing as a means of enhancing current funding levels to accommodate future benefit payments and mandated funding levels.