Pension Funds — Addison, Illinois

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

78.8%

Total Unfundedi

$45.2M

Annual Employer Costi

$6.9M

117 active / 116 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

7.43%

Employer Contributioni

$1.6M

Covered Payrolli

$5.4M

Employer Rate Breakdowni

Retirement Normal Costi4.7%

Funding Adjustmenti1.9%

Death Benefiti0.1%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei7.4%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

ADDISON POLICE PENSION FUND

Funded Ratioi

60.1%

Financial Position

Assets (Market)i$67.5M

Accrued Liabilityi$113.6M

Unfunded Liabilityi$45.3M

Annual Cash Flow

Employer Contributioni$4.0M

Employee Contributioni$858K

Benefits Paidi$5.4M

Contribution Adequacy

Required: $4.0MActual: $4.0M-$82K

Investments

Membershipi

69 active58 retired

Fire Pension

ADDISON FIREFIGHTERS PENSION FUND

Funded Ratioii

100.1%

Financial Position

Assets (Market)i$97.5M

Accrued Liabilityi$99.5M

Unfunded Liabilityi-$59K

Annual Cash Flow

Employer Contributioni$1.4M

Employee Contributioni$535K

Investment Incomei$13.3M

Benefits Paidi$5.4M

Contribution Adequacy

Required: $970KActual: $1.4M+$417K

Investments

1-Year Returni+14.4%

Membershipi

48 active58 retired