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  2. /Illinois
  3. /Grundy County
  4. /Coal City
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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

69.9%

Total Unfundedi

$2.8M

Annual Employer Costi

$631K

12 active / 4 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%

Covered Payrolli

$132K

Employer Rate Breakdowni

Retirement Normal Costi4.8%
Funding Adjustmenti0.7%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei6.3%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

COAL CITY POLICE PENSION FUND

Funded Ratioi

69.9%

Financial Position

Assets (Market)i$6.2M
Accrued Liabilityi$9.1M
Unfunded Liabilityi$2.8M

Annual Cash Flow

Employer Contributioni$631K
Employee Contributioni$87K
Investment Incomei$514K
Benefits Paidi$358K

Contribution Adequacy

Required: $273KActual: $631K+$358K

Investments

1-Year Returni+8.9%

Membershipi

12 active4 retired