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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

75.1%

Total Unfundedi

$4.0M

Annual Employer Costi

$620K

15 active / 14 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

8.78%

Covered Payrolli

$1.4M

Employer Rate Breakdowni

Retirement Normal Costi5.0%
Funding Adjustmenti3.0%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei8.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

PRINCETON POLICE PENSION FUND

Funded Ratioi

75.1%

Financial Position

Assets (Market)i$11.4M
Accrued Liabilityi$16.1M
Unfunded Liabilityi$4.0M

Annual Cash Flow

Employer Contributioni$620K
Employee Contributioni$133K
Investment Incomei$911K
Benefits Paidi$778K

Contribution Adequacy

Required: $413KActual: $620K+$207K

Investments

1-Year Returni+8.3%

Membershipi

15 active14 retired