Pension Funds — Freeport, Illinois

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

101.0%

Annual Employer Costi

$1.1M

93 active / 82 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

2.47%

Employer Rate Breakdowni

Retirement Normal Costi1.7%

Death Benefiti0.1%

Disabilityi0.0%

Supplemental Benefiti0.6%

Total Employer Ratei2.5%

Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

FREEPORT POLICE PENSION FUND

Funded Ratioi

99.9%

Financial Position

Assets (Market)i$55.0M

Accrued Liabilityi$56.0M

Unfunded Liabilityi$70K

Annual Cash Flow

Employer Contributioni$392K

Employee Contributioni$326K

Investment Incomei$5.0M

Benefits Paidi$3.4M

Contribution Adequacy

Required: $465KActual: $392K-$73K

Investments

1-Year Returni+9.2%

Membershipi

45 active39 retired

Fire Pension

FREEPORT FIREFIGHTERS PENSION FUND

Funded Ratioii

102.1%

Financial Position

Assets (Market)i$61.1M

Accrued Liabilityi$60.5M

Unfunded Liabilityi-$1.2M

Annual Cash Flow

Employer Contributioni$703K

Employee Contributioni$338K

Investment Incomei$6.2M

Benefits Paidi$3.8M

Contribution Adequacy

Required: $591KActual: $703K+$113K

Investments

1-Year Returni+10.5%

Membershipi

48 active43 retired