Pension Funds — West Chicago, 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

78.0%

Total Unfundedi

$28.1M

Annual Employer Costi

$5.3M

87 active / 55 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

6.28%

Employer Contributioni

$894K

Covered Payrolli

$2.3M

Employer Rate Breakdowni

Retirement Normal Costi4.5%

Funding Adjustmenti1.0%

Death Benefiti0.1%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei6.3%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

WEST CHICAGO POLICE PENSION FUND

Funded Ratioi

70.6%

Financial Position

Assets (Market)i$51.2M

Accrued Liabilityi$73.9M

Unfunded Liabilityi$21.7M

Annual Cash Flow

Employer Contributioni$3.4M

Employee Contributioni$800K

Investment Incomei$4.4M

Benefits Paidi$3.2M

Contribution Adequacy

Required: $2.2MActual: $3.4M+$1.3M

Investments

1-Year Returni+9.1%

Membershipi

46 active34 retired

Fire Pension

WEST CHICAGO FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

88.2%

Financial Position

Assets (Market)i$47.5M

Accrued Liabilityi$53.7M

Unfunded Liabilityi$6.3M

Annual Cash Flow

Employer Contributioni$969K

Employee Contributioni$449K

Investment Incomei$6.5M

Benefits Paidi$2.2M

Contribution Adequacy

Required: $934KActual: $969K+$35K

Investments

1-Year Returni+14.6%

Membershipi

41 active21 retired