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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

59.9%

Total Unfundedi

$31.0M

Annual Employer Costi

$2.6M

63 active / 67 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

4.46%

Employer Rate Breakdowni

Retirement Normal Costi3.7%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei4.5%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

JACKSONVILLE POLICE PENSION FUND

Funded Ratioi

59.3%

Financial Position

Assets (Market)i$24.4M
Accrued Liabilityi$42.0M
Unfunded Liabilityi$17.1M

Annual Cash Flow

Employer Contributioni$1.5M
Employee Contributioni$319K
Investment Incomei$2.0M
Benefits Paidi$2.1M

Contribution Adequacy

Required: $1.6MActual: $1.5M-$66K

Investments

1-Year Returni+8.5%

Membershipi

38 active36 retired

Fire Pension

JACKSONVILLE FIREFIGHTERS PENSION FUND

Funded Ratioii

60.7%

Financial Position

Assets (Market)i$21.0M
Accrued Liabilityi$35.3M
Unfunded Liabilityi$13.9M

Annual Cash Flow

Employer Contributioni$1.1M
Employee Contributioni$202K
Investment Incomei$2.0M
Benefits Paidi$2.1M

Contribution Adequacy

Required: $1.2MActual: $1.1M-$116K

Investments

1-Year Returni+9.7%

Membershipi

25 active31 retired