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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

77.0%

Total Unfundedi

$34.5M

Annual Employer Costi

$4.0M

120 active / 99 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

9.13%

Covered Payrolli

$5.0M

Employer Rate Breakdowni

Retirement Normal Costi4.6%
Funding Adjustmenti3.8%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei9.1%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

URBANA POLICE PENSION FUND

Funded Ratioi

66.1%

Financial Position

Assets (Market)i$50.9M
Accrued Liabilityi$77.2M
Unfunded Liabilityi$26.2M

Annual Cash Flow

Employer Contributioni$2.8M
Employee Contributioni$518K
Investment Incomei$5.3M
Benefits Paidi$3.8M

Contribution Adequacy

Required: $2.4MActual: $2.8M+$312K

Investments

1-Year Returni+11.0%

Membershipi

58 active47 retired

Fire Pension

URBANA FIREFIGHTERS PENSION FUND

Funded Ratioii

88.6%

Financial Position

Assets (Market)i$65.8M
Accrued Liabilityi$72.9M
Unfunded Liabilityi$8.3M

Annual Cash Flow

Employer Contributioni$1.3M
Employee Contributioni$503K
Investment Incomei$7.6M
Benefits Paidi$3.8M

Contribution Adequacy

Required: $1.1MActual: $1.3M+$207K

Investments

1-Year Returni+12.0%

Membershipi

62 active52 retired