Pension Funds — Downers Grove, Illinois

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Pension Funds — FY 2024i

Source

Combined Funded Ratioi

59.0%

Total Unfundedi

$110.8M

Annual Employer Costi

$10.1M

143 active / 157 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

4.29%

Employer Contributioni

$62K

Employer Rate Breakdowni

Retirement Normal Costi3.5%

Death Benefiti0.2%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei4.3%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

DOWNERS GROVE POLICE PENSION FUND

Funded Ratioi

55.9%

Financial Position

Assets (Market)i$77.7M

Accrued Liabilityi$138.7M

Unfunded Liabilityi$61.1M

Annual Cash Flow

Employer Contributioni$5.1M

Employee Contributioni$1.7M

Investment Incomei$6.7M

Benefits Paidi$7.1M

Contribution Adequacy

Required: $5.2MActual: $5.1M-$94K

Investments

1-Year Returni+8.9%

Membershipi

68 active76 retired

Fire Pension

DOWNERS GROVE FIREFIGHTERS PENSION FUND

Funded Ratioii

62.2%

Financial Position

Assets (Market)i$81.4M

Accrued Liabilityi$131.4M

Unfunded Liabilityi$49.7M

Annual Cash Flow

Employer Contributioni$4.9M

Employee Contributioni$847K

Investment Incomei$8.0M

Benefits Paidi$6.9M

Contribution Adequacy

Required: $4.6MActual: $4.9M+$347K

Investments

1-Year Returni+10.2%

Membershipi

75 active81 retired