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  4. /Belvidere
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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

63.8%

Total Unfundedi

$29.9M

Annual Employer Costi

$3.0M

70 active / 56 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

5.51%

Covered Payrolli

$65K

Employer Rate Breakdowni

Retirement Normal Costi4.7%
Funding Adjustmenti0.1%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei5.5%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

BELVIDERE POLICE PENSION FUND

Funded Ratioi

63.1%

Financial Position

Assets (Market)i$30.1M
Accrued Liabilityi$49.2M
Unfunded Liabilityi$18.2M

Annual Cash Flow

Employer Contributioni$1.6M
Employee Contributioni$377K
Investment Incomei$2.6M
Benefits Paidi$2.3M

Contribution Adequacy

Required: $1.9MActual: $1.6M-$235K

Investments

1-Year Returni+9.0%

Membershipi

42 active30 retired

Fire Pension

BELVIDERE FIREFIGHTERS PENSION FUND

Funded Ratioii

64.8%

Financial Position

Assets (Market)i$21.0M
Accrued Liabilityi$33.2M
Unfunded Liabilityi$11.7M

Annual Cash Flow

Employer Contributioni$1.3M
Employee Contributioni$224K
Investment Incomei$2.0M
Benefits Paidi$1.9M

Contribution Adequacy

Required: $1.2MActual: $1.3M+$143K

Investments

1-Year Returni+10.1%

Membershipi

28 active26 retired