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  4. /Kewanee
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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

55.6%

Total Unfundedi

$10.6M

Annual Employer Costi

$884K

25 active / 23 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

15.12%

Covered Payrolli

$514K

Employer Rate Breakdowni

Retirement Normal Costi4.4%
Funding Adjustmenti3.3%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Early Retirement Incentivei6.6%
Total Employer Ratei15.1%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

KEWANEE POLICE PENSION FUND

Funded Ratioi

54.2%

Financial Position

Assets (Market)i$11.8M
Accrued Liabilityi$22.8M
Unfunded Liabilityi$10.5M

Annual Cash Flow

Employer Contributioni$788K
Employee Contributioni$177K
Investment Incomei$857K
Benefits Paidi$1.2M

Contribution Adequacy

Required: $939KActual: $788K-$151K

Investments

1-Year Returni+7.4%

Membershipi

22 active21 retired

Fire Pension

KEWANEE COMMUNITY FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

83.6%

Financial Position

Assets (Market)i$898K
Accrued Liabilityi$1.1M
Unfunded Liabilityi$187K

Annual Cash Flow

Employer Contributioni$96K
Employee Contributioni$12K
Investment Incomei$64K
Benefits Paidi$54K

Contribution Adequacy

Required: $27KActual: $96K+$69K

Investments

1-Year Returni+7.6%

Membershipi

3 active2 retired