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  2. /Illinois
  3. /McHenry County
  4. /Spring Grove
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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

82.1%

Total Unfundedi

$1.1M

Annual Employer Costi

$385K

5 active / 6 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

7.82%

Covered Payrolli

$241K

Employer Rate Breakdowni

Retirement Normal Costi4.0%
Funding Adjustmenti3.1%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

SPRING GROVE POLICE PENSION FUND

Funded Ratioi

82.1%

Financial Position

Assets (Market)i$4.9M
Accrued Liabilityi$6.2M
Unfunded Liabilityi$1.1M

Annual Cash Flow

Employer Contributioni$385K
Employee Contributioni$48K
Investment Incomei$424K
Benefits Paidi$419K

Contribution Adequacy

Required: $104KActual: $385K+$281K

Investments

1-Year Returni+9.0%

Membershipi

5 active6 retired