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  4. /Litchfield
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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

58.8%

Total Unfundedi

$5.4M

Annual Employer Costi

$464K

15 active / 14 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

12.19%

Covered Payrolli

$1000K

Employer Rate Breakdowni

Retirement Normal Costi4.1%
Funding Adjustmenti7.2%
Death Benefiti0.2%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei12.2%
Member (Employee) Ratei4.5%

Amortization period: 23 years remainingi

Police Pension

LITCHFIELD POLICE PENSION FUND

Funded Ratioi

58.8%

Financial Position

Assets (Market)i$7.3M
Accrued Liabilityi$13.0M
Unfunded Liabilityi$5.4M

Annual Cash Flow

Employer Contributioni$464K
Employee Contributioni$103K
Investment Incomei$654K
Benefits Paidi$693K

Contribution Adequacy

Required: $527KActual: $464K-$62K

Investments

1-Year Returni+9.3%

Membershipi

15 active14 retired