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  2. /Illinois
  3. /McHenry County
  4. /Algonquin
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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

85.0%

Total Unfundedi

$16.9M

Annual Employer Costi

$2.3M

51 active / 24 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

9.73%

Covered Payrolli

$3.1M

Employer Rate Breakdowni

Retirement Normal Costi5.2%
Funding Adjustmenti3.8%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei9.7%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

ALGONQUIN POLICE PENSION FUND

Funded Ratioi

81.5%

Financial Position

Assets (Market)i$49.4M
Accrued Liabilityi$62.0M
Unfunded Liabilityi$11.5M

Annual Cash Flow

Employer Contributioni$2.3M
Employee Contributioni$523K
Investment Incomei$4.3M
Benefits Paidi$1.8M

Contribution Adequacy

Required: $1.4MActual: $2.3M+$845K

Investments

1-Year Returni+9.2%

Membershipi

51 active24 retired

Fire Pension

ALGONQUIN LAKE IN THE HILLS FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

89.2%

Financial Position

Assets (Market)i—
Accrued Liabilityi$50.7M
Unfunded Liabilityi$5.5M

Annual Cash Flow