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  4. /Minooka
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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

109.4%

Annual Employer Costi

$986K

48 active / 10 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

5.42%

Covered Payrolli

$87K

Employer Rate Breakdowni

Retirement Normal Costi4.4%
Funding Adjustmenti0.3%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei5.4%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MINOOKA POLICE PENSION FUND

Funded Ratioi

91.7%

Financial Position

Assets (Market)i$14.4M
Accrued Liabilityi$16.3M
Unfunded Liabilityi$1.4M

Annual Cash Flow

Employer Contributioni$540K
Employee Contributioni$196K
Investment Incomei$1.3M
Benefits Paidi$561K

Contribution Adequacy

Required: $304KActual: $540K+$236K

Investments

1-Year Returni+9.2%

Membershipi

22 active8 retired

Fire Pension

MINOOKA FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

149.8%

Financial Position

Assets (Market)i$10.6M
Accrued Liabilityi$7.1M
Unfunded Liabilityi-$3.6M

Annual Cash Flow

Employer Contributioni$447K
Employee Contributioni$199K
Investment Incomei$1.0M
Benefits Paidi$92K

Contribution Adequacy

Required: $295KActual: $447K+$151K

Investments

1-Year Returni+10.2%

Membershipi

26 active2 retired