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  2. /Illinois
  3. /Kankakee County
  4. /Bourbonnais
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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

79.6%

Total Unfundedi

$7.3M

Annual Employer Costi

$1.1M

38 active / 18 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

9.62%

Covered Payrolli

$1.0M

Employer Rate Breakdowni

Retirement Normal Costi5.0%
Funding Adjustmenti3.9%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei9.6%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

BOURBONNAIS POLICE PENSION FUND

Funded Ratioi

74.7%

Financial Position

Assets (Market)i$21.9M
Accrued Liabilityi$30.6M
Unfunded Liabilityi$7.7M

Annual Cash Flow

Employer Contributioni$880K
Employee Contributioni$258K
Investment Incomei$1.8M
Benefits Paidi$1.2M

Contribution Adequacy

Required: $820KActual: $880K+$60K

Investments

1-Year Returni+8.8%

Membershipi

27 active16 retired

Fire Pension

BOURBONNAIS FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

108.9%

Financial Position

Assets (Market)i$5.5M
Accrued Liabilityi$5.1M
Unfunded Liabilityi-$454K

Annual Cash Flow

Employer Contributioni$195K
Employee Contributioni$83K
Investment Incomei$639K
Benefits Paidi$158K

Contribution Adequacy

Required: $148KActual: $195K+$46K

Investments

1-Year Returni+12.4%

Membershipi

11 active2 retired