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  3. /Franklin County
  4. /Benton
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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

80.9%

Total Unfundedi

$1.4M

Annual Employer Costi

$517K

14 active / 7 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

9.78%

Covered Payrolli

$536K

Employer Rate Breakdowni

Retirement Normal Costi4.6%
Funding Adjustmenti4.5%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei9.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

BENTON POLICE PENSION FUND

Funded Ratioi

80.9%

Financial Position

Assets (Market)i$5.6M
Accrued Liabilityi$7.1M
Unfunded Liabilityi$1.4M

Annual Cash Flow

Employer Contributioni$517K
Employee Contributioni$83K
Investment Incomei$455K
Benefits Paidi$387K

Contribution Adequacy

Required: $195KActual: $517K+$322K

Investments

1-Year Returni+8.7%

Membershipi

14 active7 retired