1. States
  2. /Illinois
  3. /Will County
  4. /Channahon
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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

73.4%

Total Unfundedi

$6.2M

Annual Employer Costi

$1.5M

51 active / 13 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

7.85%

Covered Payrolli

$1.1M

Employer Rate Breakdowni

Retirement Normal Costi4.5%
Funding Adjustmenti2.6%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.8%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

CHANNAHON POLICE PENSION FUND

Funded Ratioi

73.4%

Financial Position

Assets (Market)i$16.5M
Accrued Liabilityi$23.2M
Unfunded Liabilityi$6.2M

Annual Cash Flow

Employer Contributioni$1.1M
Employee Contributioni$518K
Investment Incomei$1.4M
Benefits Paidi$776K

Contribution Adequacy

Required: $736KActual: $1.1M+$406K

Investments

1-Year Returni+9.0%

Membershipi

29 active11 retired

Fire Pension

CHANNAHON FIRE PROTECTION DISTRICT FIREFIGHTERS PE

Financial Position

Assets (Market)i$11.8M
Accrued Liabilityi—

Annual Cash Flow

Employer Contributioni$344K
Employee Contributioni$209K
Investment Incomei$1.1M
Benefits Paidi$121K

Investments

1-Year Returni+10.3%

Membershipi

22 active2 retired