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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

56.4%

Total Unfundedi

$39.0M

Annual Employer Costi

$4.2M

77 active / 65 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

6.42%

Covered Payrolli

$1.1M

Employer Rate Breakdowni

Retirement Normal Costi4.4%
Funding Adjustmenti1.2%
Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei6.4%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

OTTAWA POLICE PENSION FUND

Funded Ratioi

63.3%

Financial Position

Assets (Market)i$30.3M
Accrued Liabilityi$48.7M
Unfunded Liabilityi$17.9M

Annual Cash Flow

Employer Contributioni$1.9M
Employee Contributioni$932K
Investment Incomei$2.5M
Benefits Paidi$2.0M

Contribution Adequacy

Required: $1.7MActual: $1.9M+$210K

Investments

1-Year Returni+8.8%

Membershipi

37 active33 retired

Fire Pension

OTTAWA FIREFIGHTERS PENSION FUND

Funded Ratioii

48.1%

Financial Position

Assets (Market)i$19.5M
Accrued Liabilityi$40.6M
Unfunded Liabilityi$21.1M

Annual Cash Flow

Employer Contributioni$2.3M
Employee Contributioni$247K
Investment Incomei$1.9M
Benefits Paidi$2.4M

Contribution Adequacy

Required: $1.9MActual: $2.3M+$335K

Investments

1-Year Returni+10.3%

Membershipi

40 active32 retired