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  3. /Randolph County
  4. /Chester
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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

89.9%

Total Unfundedi

$544K

Annual Employer Costi

$225K

11 active / 5 retired across all fundsi

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

4.22%

Employer Rate Breakdowni

Retirement Normal Costi3.4%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei4.2%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

CHESTER POLICE PENSION FUND

Funded Ratioi

89.9%

Financial Position

Assets (Market)i$4.5M
Accrued Liabilityi$5.4M
Unfunded Liabilityi$544K

Annual Cash Flow

Employer Contributioni$225K
Employee Contributioni$64K
Investment Incomei$286K
Benefits Paidi$263K

Contribution Adequacy

Required: $76KActual: $225K+$149K

Investments

1-Year Returni+6.5%

Membershipi

11 active5 retired