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  4. /Flora
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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

86.4%

Total Unfundedi

$1.7M

Annual Employer Costi

$244K

12 active / 10 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

9.26%

Covered Payrolli

$1.3M

Employer Rate Breakdowni

Retirement Normal Costi4.7%
Funding Adjustmenti3.9%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei9.3%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

FLORA POLICE PENSION FUND

Funded Ratioi

86.4%

Financial Position

Assets (Market)i$9.9M
Accrued Liabilityi$12.8M
Unfunded Liabilityi$1.7M

Annual Cash Flow

Employer Contributioni$244K
Employee Contributioni$93K
Investment Incomei$595K
Benefits Paidi$654K

Contribution Adequacy

Required: $190KActual: $244K+$54K

Investments

1-Year Returni+6.0%

Membershipi

12 active10 retired