Comptroller Susana Mendoza Orders 3rd Round of Pension Pre-Payments

Comptroller Susana Mendoza Orders 3rd Round of Pension Pre-payments – RiverBender (Alton)

Total payments in August will be $1.336 billion to the five retirement systems.

Comptroller Susana Mendoza Orders 3rd Round of Pension Pre-payments

SPRINGFIELD - Following another strong month in fund balances, Comptroller Susana A. Mendoza is ordering the pre-payment of state pension payments in August. Total payments in August will be $1.336 billion to the five retirement systems which include $428 million in pre-payments, or nearly 50% more than the usual amount. This comes after the Comptroller’s Office pre-paid 100% more in pre-payments in July. These early payments allow the state’s f…