1. States
  2. /Illinois
  3. /Cook County
  4. /Willow Springs
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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

42.3%

Total Unfundedi

$7.2M

Annual Employer Costi

$954K

12 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

0.79%

Employer Contributioni

$7K

Employer Rate Breakdowni

Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei0.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

WILLOW SPRINGS POLICE PENSION FUND

Funded Ratioi

42.3%

Financial Position

Assets (Market)i$5.2M
Accrued Liabilityi$12.5M
Unfunded Liabilityi$7.2M

Annual Cash Flow

Employer Contributioni$947K
Employee Contributioni$83K
Investment Incomei$435K
Benefits Paidi$681K

Contribution Adequacy

Required: $729KActual: $947K+$218K

Investments

1-Year Returni+9.0%

Membershipi

12 active14 retired