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  2. /Illinois
  3. /Will County
  4. /Crete
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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

88.8%

Total Unfundedi

$1.7M

Annual Employer Costi

$768K

21 active / 10 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

7.58%

Covered Payrolli

$475K

Employer Rate Breakdowni

Retirement Normal Costi4.5%
Funding Adjustmenti2.3%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei7.6%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

CRETE POLICE PENSION FUND

Funded Ratioi

88.8%

Financial Position

Assets (Market)i$12.8M
Accrued Liabilityi$14.9M
Unfunded Liabilityi$1.7M

Annual Cash Flow

Employer Contributioni$768K
Employee Contributioni$200K
Investment Incomei$894K
Benefits Paidi$909K

Contribution Adequacy

Required: $294KActual: $768K+$474K

Investments

1-Year Returni+7.3%

Membershipi

21 active10 retired