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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

89.9%

Total Unfundedi

$4.6M

Annual Employer Costi

$736K

47 active / 27 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

7.18%

Covered Payrolli

$322K

Employer Rate Breakdowni

Retirement Normal Costi5.1%
Funding Adjustmenti1.3%
Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.2%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

BRADLEY POLICE PENSION FUND

Funded Ratioi

85.8%

Financial Position

Assets (Market)i$35.3M
Accrued Liabilityi$42.9M
Unfunded Liabilityi$6.1M

Annual Cash Flow

Employer Contributioni$667K
Employee Contributioni$569K
Investment Incomei$3.1M
Benefits Paidi$1.8M

Contribution Adequacy

Required: $727KActual: $667K-$60K

Investments

1-Year Returni+9.2%

Membershipi

36 active25 retired

Fire Pension

BRADLEY FIREFIGHTERS PENSION FUND

Funded Ratioii

170.4%

Financial Position

Assets (Market)i$3.5M
Accrued Liabilityi$2.2M
Unfunded Liabilityi-$1.5M

Annual Cash Flow

Employer Contributioni$69K
Employee Contributioni$79K
Investment Incomei$317K
Benefits Paidi$118K

Contribution Adequacy

Required: $101KActual: $69K-$32K

Investments

1-Year Returni+9.5%

Membershipi

11 active2 retired