Pension Funds — Northbrook, Illinois

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Pension Funds — FY 2024i

Source

Combined Funded Ratioi

60.4%

Total Unfundedi

$97.2M

Annual Employer Costi

$12.9M

135 active / 130 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

8.75%

Employer Contributioni

$1.7M

Covered Payrolli

$7.4M

Employer Rate Breakdowni

Retirement Normal Costi4.7%

Funding Adjustmenti3.3%

Death Benefiti0.1%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei8.8%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

NORTHBROOK POLICE PENSION FUND

Funded Ratioi

60.8%

Financial Position

Assets (Market)i$72.9M

Accrued Liabilityi$121.8M

Unfunded Liabilityi$47.8M

Annual Cash Flow

Employer Contributioni$5.4M

Employee Contributioni$799K

Investment Incomei$6.2M

Benefits Paidi$6.6M

Contribution Adequacy

Required: $4.4MActual: $5.4M+$981K

Investments

1-Year Returni+8.8%

Membershipi

67 active59 retired

Fire Pension

NORTHBROOK FIREFIGHTERS PENSION FUND

Funded Ratioii

60.0%

Financial Position

Assets (Market)i$72.8M

Accrued Liabilityi$123.6M

Unfunded Liabilityi$49.4M

Annual Cash Flow

Employer Contributioni$5.8M

Employee Contributioni$782K

Investment Incomei$6.7M

Contribution Adequacy

Required: $4.7MActual: $5.8M+$1.1M

Investments

1-Year Returni+9.6%

Membershipi

68 active71 retired