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  3. /Peoria County
  4. /Peoria Heights
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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

73.6%

Total Unfundedi

$2.2M

Annual Employer Costi

$457K

17 active / 5 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

5.73%

Covered Payrolli

$34K

Employer Rate Breakdowni

Retirement Normal Costi4.8%
Funding Adjustmenti0.1%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei5.7%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

PEORIA HEIGHTS POLICE PENSION FUND

Funded Ratioi

73.6%

Financial Position

Assets (Market)i$6.0M
Accrued Liabilityi$8.3M
Unfunded Liabilityi$2.2M

Annual Cash Flow

Employer Contributioni$457K
Employee Contributioni$130K
Investment Incomei$504K
Benefits Paidi$203K

Contribution Adequacy

Required: $349KActual: $457K+$107K

Investments

1-Year Returni+9.0%

Membershipi

17 active5 retired