Galesburg Mayor Sal Garza is forming a 14-member task force to develop funding options for the city's pension funds.
“If it goes unchecked and unaddressed, we may find ourselves in the same kind of condition that the state of Illinois' overall pension system is in,” Garza said.
City leaders said the funding ratio has dropped over the past decade for the three pension funds in which the city participates. Garza said Galesburg will need to dip into its general revenues to pay pension obligations if something is not done.
A person who graduated from Spoon River College and later worked at the school will serve as its eighth president.
Curtis Oldfield was introduced to the public during news conferences at the Canton, Macomb, and Rushville campuses. He will take office July 1.
"He brings (to SRC) experience in working to serve a diverse range of students seeking college transfer preparation, workforce training, and career enhancement," said Gayle Strode Blodgett, Chair of the SRC Board of Trustees.
Southeastern Community College President Beverly Simone used last night’s Board of Trustees meeting to announce her retirement after 6 1/2 years with the college.
She emailed a copy of her statement from the meeting to college employees Monday night.
In it, Simone, who turns 66 this summer, says with many of her close friends retired and her family out of the area,she will retire this summer. She says she will work with the Board of Trustees to determine a mutually agreeable date.
Simone will serve as President until her retirement takes effect.