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  2. /Illinois
  3. /DeKalb County
  4. /Genoa
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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

67.5%

Total Unfundedi

$2.3M

Annual Employer Costi

$500K

10 active / 4 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

9.49%

Covered Payrolli

$384K

Employer Rate Breakdowni

Retirement Normal Costi4.5%
Funding Adjustmenti4.3%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei9.5%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

GENOA POLICE PENSION FUND

Funded Ratioi

67.5%

Financial Position

Assets (Market)i$4.8M
Accrued Liabilityi$7.2M
Unfunded Liabilityi$2.3M

Annual Cash Flow

Employer Contributioni$500K
Employee Contributioni$57K
Investment Incomei$393K
Benefits Paidi$289K

Contribution Adequacy

Required: $255KActual: $500K+$245K

Investments

1-Year Returni+8.8%

Membershipi

10 active4 retired