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Showing latest fiscal year with year-over-year changes. Full pension history available with a paid plan. View plans →

Pension Funds — FY 2024i

Source

Combined Funded Ratioi

56.3%

Total Unfundedi

$81.2M

Annual Employer Costi

$9.6M

132 active / 140 retired across all fundsi

Funded Ratio Trendi

Employer Contributions Over Timei

IMRF — General Employeesi

IMRF covers non-public-safety employees (2026 rates). System-wide funded ratio: 95.8%(Well-Funded)

Employer Ratei

4.19%

Employer Rate Breakdowni

Retirement Normal Costi3.4%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei4.2%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

QUINCY POLICE PENSION FUND

Funded Ratioi

57.2%

Financial Position

Assets (Market)i$52.7M
Accrued Liabilityi$94.2M
Unfunded Liabilityi$40.3M

Annual Cash Flow

Employer Contributioni$4.5M
Employee Contributioni$571K
Investment Incomei$4.5M
Benefits Paidi$5.0M

Contribution Adequacy

Required: $3.6MActual: $4.5M+$893K

Investments

1-Year Returni+8.9%

Membershipi

73 active68 retired

Fire Pension

QUINCY FIREFIGHTERS PENSION FUND

Funded Ratioii

55.4%

Financial Position

Assets (Market)i$49.5M
Accrued Liabilityi$91.6M
Unfunded Liabilityi$40.9M

Annual Cash Flow

Employer Contributioni$5.1M
Employee Contributioni$492K
Investment Incomei$4.5M
Benefits Paidi$4.9M

Contribution Adequacy

Required: $3.9MActual: $5.1M+$1.2M

Investments

1-Year Returni+9.7%

Membershipi

59 active72 retired