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  4. /Watseka
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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

58.8%

Total Unfundedi

$4.6M

Annual Employer Costi

$822K

12 active / 9 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

0.79%

Employer Rate Breakdowni

Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei0.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

WATSEKA POLICE PENSION FUND

Funded Ratioi

58.8%

Financial Position

Assets (Market)i$6.9M
Accrued Liabilityi$11.1M
Unfunded Liabilityi$4.6M

Annual Cash Flow

Employer Contributioni$822K
Employee Contributioni$75K
Investment Incomei$441K
Benefits Paidi$518K

Contribution Adequacy

Required: $443KActual: $822K+$378K

Investments

1-Year Returni+7.1%

Membershipi

12 active9 retired