Pension Funds — Macomb, Illinois

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Pension Funds — FY 2024i

Source

Combined Funded Ratioi

62.9%

Total Unfundedi

$18.9M

Annual Employer Costi

$2.2M

44 active / 53 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

5.78%

Covered Payrolli

$278K

Employer Rate Breakdowni

Retirement Normal Costi4.5%

Funding Adjustmenti0.4%

Death Benefiti0.2%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei5.8%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MACOMB POLICE PENSION FUND

Funded Ratioi

70.5%

Financial Position

Assets (Market)i$18.3M

Accrued Liabilityi$26.6M

Unfunded Liabilityi$7.9M

Annual Cash Flow

Employer Contributioni$1.0M

Employee Contributioni$171K

Investment Incomei$1.6M

Benefits Paidi$1.7M

Contribution Adequacy

Required: $660KActual: $1.0M+$352K

Investments

1-Year Returni+8.9%

Membershipi

24 active29 retired

Fire Pension

MACOMB FIREFIGHTERS PENSION FUND

Funded Ratioii

54.6%

Financial Position

Assets (Market)i$13.0M

Accrued Liabilityi$24.3M

Unfunded Liabilityi$11.0M

Annual Cash Flow

Employer Contributioni$1.2M

Employee Contributioni$127K

Investment Incomei$1.2M

Benefits Paidi$1.5M

Contribution Adequacy

Required: $1.0MActual: $1.2M+$168K

Investments

1-Year Returni+9.9%

Membershipi

20 active24 retired