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  2. /Illinois
  3. /LaSalle County
  4. /Oglesby
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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

56.5%

Total Unfundedi

$4.0M

Annual Employer Costi

$508K

11 active / 8 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

15.81%

Covered Payrolli

$191K

Employer Rate Breakdowni

Retirement Normal Costi4.1%
Funding Adjustmenti2.6%
Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Early Retirement Incentivei8.2%
Total Employer Ratei15.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

OGLESBY POLICE PENSION FUND

Funded Ratioi

56.5%

Financial Position

Assets (Market)i$4.9M
Accrued Liabilityi$9.3M
Unfunded Liabilityi$4.0M

Annual Cash Flow

Employer Contributioni$508K
Employee Contributioni$120K
Investment Incomei$301K
Benefits Paidi$410K

Contribution Adequacy

Required: $387KActual: $508K+$121K

Investments

1-Year Returni+6.5%

Membershipi

11 active8 retired