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  2. /Illinois
  3. /Piatt County
  4. /Monticello
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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

72.1%

Total Unfundedi

$1.0M

Annual Employer Costi

$262K

7 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

7.18%

Covered Payrolli

$349K

Employer Rate Breakdowni

Retirement Normal Costi4.9%
Funding Adjustmenti1.6%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.2%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

MONTICELLO POLICE PENSION FUND

Funded Ratioi

72.1%

Financial Position

Assets (Market)i$2.5M
Accrued Liabilityi$3.7M
Unfunded Liabilityi$1.0M

Annual Cash Flow

Employer Contributioni$262K
Employee Contributioni$32K
Investment Incomei$69K
Benefits Paidi$232K

Contribution Adequacy

Required: $106KActual: $262K+$156K

Investments

1-Year Returni+2.8%

Membershipi

7 active5 retired