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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

73.7%

Total Unfundedi

$1.5M

Annual Employer Costi

$269K

7 active / 4 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

7.14%

Covered Payrolli

$416K

Employer Rate Breakdowni

Retirement Normal Costi4.6%
Funding Adjustmenti1.8%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.1%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

SHELBYVILLE POLICE PENSION FUND

Funded Ratioi

73.7%

Financial Position

Assets (Market)i$4.0M
Accrued Liabilityi$5.5M
Unfunded Liabilityi$1.5M

Annual Cash Flow

Employer Contributioni$269K
Employee Contributioni$40K
Investment Incomei$324K
Benefits Paidi$219K

Contribution Adequacy

Required: $142KActual: $269K+$127K

Investments

1-Year Returni+8.5%

Membershipi

7 active4 retired