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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

73.5%

Total Unfundedi

$8.6M

Annual Employer Costi

$1.4M

31 active / 20 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

4.89%

Employer Rate Breakdowni

Retirement Normal Costi4.1%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei4.9%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MORRIS POLICE PENSION FUND

Funded Ratioi

72.4%

Financial Position

Assets (Market)i$23.0M
Accrued Liabilityi$32.1M
Unfunded Liabilityi$8.8M

Annual Cash Flow

Employer Contributioni$1.3M
Employee Contributioni$264K
Investment Incomei$1.8M
Benefits Paidi$1.5M

Contribution Adequacy

Required: $919KActual: $1.3M+$420K

Investments

1-Year Returni+8.1%

Membershipi

30 active20 retired

Fire Pension

MORRIS FIREFIGHTERS PENSION FUND

Funded Ratioii

164.4%

Financial Position

Assets (Market)i$605K
Accrued Liabilityi$386K
Unfunded Liabilityi-$249K

Annual Cash Flow

Employer Contributioni$58K
Employee Contributioni$11K
Investment Incomei$56K
Benefits Paidi$0

Contribution Adequacy

Required: $20KActual: $58K+$38K

Investments

1-Year Returni+10.2%

Membershipi

1 active0 retired