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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

68.7%

Total Unfundedi

$4.7M

Annual Employer Costi

$641K

15 active / 11 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

8.95%

Covered Payrolli

$621K

Employer Rate Breakdowni

Retirement Normal Costi4.7%
Funding Adjustmenti3.4%
Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei8.9%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Fire Pension

GODFREY PAID FIREFIGHTERS PENSION FUND

Funded Ratioii

68.7%

Financial Position

Assets (Market)i$10.0M
Accrued Liabilityi$15.1M
Unfunded Liabilityi$4.7M

Annual Cash Flow

Employer Contributioni$641K
Employee Contributioni$106K
Investment Incomei$926K
Benefits Paidi$799K

Contribution Adequacy

Required: $474KActual: $641K+$167K

Investments

1-Year Returni+9.7%

Membershipi

15 active11 retired