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  4. /Olney
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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

57.2%

Total Unfundedi

$5.6M

Annual Employer Costi

$670K

14 active / 11 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

8.09%

Covered Payrolli

$850K

Employer Rate Breakdowni

Retirement Normal Costi4.4%
Funding Adjustmenti2.9%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei8.1%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

OLNEY POLICE PENSION FUND

Funded Ratioi

57.2%

Financial Position

Assets (Market)i$7.4M
Accrued Liabilityi$13.2M
Unfunded Liabilityi$5.6M

Annual Cash Flow

Employer Contributioni$670K
Employee Contributioni$85K
Investment Incomei$661K
Benefits Paidi$673K

Contribution Adequacy

Required: $517KActual: $670K+$153K

Investments

1-Year Returni+9.4%

Membershipi

14 active11 retired