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

89.2%

Total Unfundedi

$1.6M

Annual Employer Costi

$503K

18 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

7.48%

Covered Payrolli

$431K

Employer Rate Breakdowni

Retirement Normal Costi4.5%
Funding Adjustmenti2.2%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.5%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MANTENO POLICE PENSION FUND

Funded Ratioi

89.2%

Financial Position

Assets (Market)i$12.8M
Accrued Liabilityi$14.8M
Unfunded Liabilityi$1.6M

Annual Cash Flow

Employer Contributioni$503K
Employee Contributioni$173K
Investment Incomei$1.1M
Benefits Paidi$873K

Contribution Adequacy

Required: $227KActual: $503K+$276K

Investments

1-Year Returni+8.8%

Membershipi

18 active9 retired