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  2. /Illinois
  3. /Henry County
  4. /Colona
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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

85.9%

Total Unfundedi

$835K

Annual Employer Costi

$388K

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

12.25%

Covered Payrolli

$436K

Employer Rate Breakdowni

Retirement Normal Costi4.1%
Funding Adjustmenti7.3%
Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei12.3%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

COLONA POLICE PENSION FUND

Funded Ratioi

85.9%

Financial Position

Assets (Market)i$5.0M
Accrued Liabilityi$5.9M
Unfunded Liabilityi$835K

Annual Cash Flow

Employer Contributioni$388K
Employee Contributioni$87K
Investment Incomei$462K
Benefits Paidi$190K

Contribution Adequacy

Required: $159KActual: $388K+$229K

Investments

1-Year Returni+10.0%

Membershipi

12 active4 retired