Thirteen years after it closed its doors for good, taxpayers supporting Wood River Township Hospital will soon see a refund. The Illinois Municipal Retirement Fund has announced that taxpayers will receive nearly $5-million in payments beginning this month as part of an agreement that could be the beginning of the last chapter of the hospital.
The IMRF has enough money to take care of retiree benefits for those who are enrolled in the plan, and the excess money...$4.9 million...will be refunded to those who have paid into it, namely the taxpayers in Wood River Township. It's taken more than 10 years of negotiations between the IMRF, the hospital board, and other officials to make sure the benefits due the former employees were accounted for and then the remaining money would be returned to the WRTH board and eventually to taxpayers. Wood River Township Hospital closed in 2000.