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  4. /Fairfield
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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

38.0%

Total Unfundedi

$5.9M

Annual Employer Costi

$557K

9 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

6.18%

Covered Payrolli

$342K

Employer Rate Breakdowni

Retirement Normal Costi4.7%
Funding Adjustmenti0.7%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei6.2%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

FAIRFIELD POLICE PENSION FUND

Funded Ratioi

38.0%

Financial Position

Assets (Market)i$3.4M
Accrued Liabilityi$9.5M
Unfunded Liabilityi$5.9M

Annual Cash Flow

Employer Contributioni$557K
Employee Contributioni$66K
Investment Incomei$261K
Benefits Paidi$443K

Contribution Adequacy

Required: $519KActual: $557K+$38K

Investments

1-Year Returni+8.1%

Membershipi

9 active11 retired