Pension Funds — Westmont, Illinois

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Pension Funds — FY 2024i

Source

Combined Funded Ratioi

56.9%

Total Unfundedi

$36.0M

Annual Employer Costi

$3.2M

36 active / 36 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

0.84%

Employer Contributioni

$1K

Employer Rate Breakdowni

Death Benefiti0.2%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei0.8%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

WESTMONT POLICE PENSION FUND

Funded Ratioi

56.0%

Financial Position

Assets (Market)i$46.2M

Accrued Liabilityi$83.0M

Unfunded Liabilityi$36.5M

Annual Cash Flow

Employer Contributioni$3.2M

Employee Contributioni$288K

Investment Incomei$3.4M

Benefits Paidi$2.8M

Contribution Adequacy

Required: $3.2MActual: $3.2M-$53K

Investments

1-Year Returni+7.7%

Membershipi

35 active36 retired

Fire Pension

WESTMONT FIREFIGHTERS PENSION FUND

Funded Ratioii

203.8%

Financial Position

Assets (Market)i$1.1M

Accrued Liabilityi$526K

Unfunded Liabilityi-$546K

Annual Cash Flow

Employer Contributioni$25K

Employee Contributioni$11K

Investment Incomei$84K

Benefits Paidi$0

Contribution Adequacy

Required: $40KActual: $25K-$15K

Investments

1-Year Returni+8.3%

Membershipi

1 active0 retired