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  2. /Illinois
  3. /Madison County
  4. /Granite City
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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

63.4%

Total Unfundedi

$56.2M

Annual Employer Costi

$16.6M

57 active / 63 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

4.88%

Employer Rate Breakdowni

Retirement Normal Costi4.1%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei4.9%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

GRANITE CITY POLICE PENSION FUND

Funded Ratioi

68.4%

Financial Position

Assets (Market)i$53.3M
Accrued Liabilityi$78.8M
Unfunded Liabilityi$24.9M

Annual Cash Flow

Employer Contributioni$16.6M
Employee Contributioni$451K
Investment Incomei$3.5M
Benefits Paidi$4.0M

Contribution Adequacy

Required: $2.2MActual: $16.6M+$14.3M

Investments

1-Year Returni+7.8%

Membershipi

57 active63 retired

Fire Pension

GRANITE CITY FIREFIGHTERS PENSION FUND

Funded Ratioii

58.2%

Financial Position

Assets (Market)i—
Accrued Liabilityi$74.8M
Unfunded Liabilityi$31.3M

Annual Cash Flow