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

86.3%

Total Unfundedi

$2.0M

Annual Employer Costi

$332K

14 active / 11 retired across all fundsi

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

7.71%

Covered Payrolli

$1.1M

Employer Rate Breakdowni

Retirement Normal Costi4.6%
Funding Adjustmenti2.3%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.7%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

GENESEO POLICE PENSION FUND

Funded Ratioi

86.3%

Financial Position

Assets (Market)i$12.5M
Accrued Liabilityi$14.8M
Unfunded Liabilityi$2.0M

Annual Cash Flow

Employer Contributioni$332K
Employee Contributioni$129K
Investment Incomei$1.1M
Benefits Paidi$684K

Contribution Adequacy

Required: $259KActual: $332K+$73K

Investments

1-Year Returni+9.3%

Membershipi

14 active11 retired