Pension Funds — Lombard, Illinois

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Pension Funds — FY 2024i

Source

Combined Funded Ratioi

73.8%

Total Unfundedi

$64.6M

Annual Employer Costi

$11.9M

132 active / 139 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

7.64%

Employer Contributioni

$621K

Covered Payrolli

$2.6M

Employer Rate Breakdowni

Retirement Normal Costi4.8%

Funding Adjustmenti2.0%

Death Benefiti0.1%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei7.6%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

LOMBARD POLICE PENSION FUND

Funded Ratioi

68.5%

Financial Position

Assets (Market)i$89.9M

Accrued Liabilityi$134.3M

Unfunded Liabilityi$42.3M

Annual Cash Flow

Employer Contributioni$6.2M

Employee Contributioni$764K

Investment Incomei$7.8M

Benefits Paidi$7.1M

Contribution Adequacy

Required: $3.7MActual: $6.2M+$2.5M

Investments

1-Year Returni+9.0%

Membershipi

66 active76 retired

Fire Pension

LOMBARD FIREFIGHTERS PENSION FUND

Funded Ratioii

80.1%

Financial Position

Assets (Market)i$88.9M

Accrued Liabilityi$111.9M

Unfunded Liabilityi$22.3M

Annual Cash Flow

Employer Contributioni$5.1M

Employee Contributioni$709K

Investment Incomei$8.7M

Benefits Paidi$5.7M

Contribution Adequacy

Required: $2.3MActual: $5.1M+$2.9M

Investments

1-Year Returni+10.3%

Membershipi

66 active63 retired