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

47.9%

Total Unfundedi

$8.9M

Annual Employer Costi

$744K

13 active / 12 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

7.39%

Covered Payrolli

$412K

Employer Rate Breakdowni

Retirement Normal Costi4.0%
Funding Adjustmenti2.7%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.4%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MARENGO POLICE PENSION FUND

Funded Ratioi

47.9%

Financial Position

Assets (Market)i$7.9M
Accrued Liabilityi$17.0M
Unfunded Liabilityi$8.9M

Annual Cash Flow

Employer Contributioni$744K
Employee Contributioni$125K
Investment Incomei$672K
Benefits Paidi$769K

Contribution Adequacy

Required: $835KActual: $744K-$91K

Investments

1-Year Returni+9.0%

Membershipi

13 active12 retired