Pension Funds — Mendota, Illinois

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Pension Funds — FY 2024i

Source

Combined Funded Ratioi

70.3%

Total Unfundedi

$5.8M

Annual Employer Costi

$795K

22 active / 17 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

6.63%

Covered Payrolli

$358K

Employer Rate Breakdowni

Retirement Normal Costi4.6%

Funding Adjustmenti1.3%

Death Benefiti0.1%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei6.6%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MENDOTA POLICE PENSION FUND

Funded Ratioi

66.0%

Financial Position

Assets (Market)i$8.9M

Accrued Liabilityi$13.9M

Unfunded Liabilityi$4.7M

Annual Cash Flow

Employer Contributioni$626K

Employee Contributioni$159K

Investment Incomei$771K

Benefits Paidi$819K

Contribution Adequacy

Required: $398KActual: $626K+$228K

Investments

1-Year Returni+9.1%

Membershipi

15 active13 retired

Fire Pension

MENDOTA FIREFIGHTERS PENSION FUND

Funded Ratioii

81.3%

Financial Position

Assets (Market)i$4.3M

Accrued Liabilityi$5.5M

Unfunded Liabilityi$1.0M

Annual Cash Flow

Employer Contributioni$169K

Employee Contributioni$43K

Investment Incomei$408K

Benefits Paidi$198K

Contribution Adequacy

Required: $127KActual: $169K+$42K

Investments

1-Year Returni+10.0%

Membershipi

7 active4 retired