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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

52.4%

Total Unfundedi

$2.3M

Annual Employer Costi

$419K

6 active / 7 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

0.82%

Employer Rate Breakdowni

Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei0.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

SAVANNA POLICE PENSION FUND

Funded Ratioi

52.4%

Financial Position

Assets (Market)i$2.4M
Accrued Liabilityi$4.8M
Unfunded Liabilityi$2.3M

Annual Cash Flow

Employer Contributioni$419K
Employee Contributioni$38K
Investment Incomei$154K
Benefits Paidi$394K

Contribution Adequacy

Required: $205KActual: $419K+$214K

Investments

1-Year Returni+6.7%

Membershipi

6 active7 retired