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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

81.1%

Total Unfundedi

$15.4M

Annual Employer Costi

$2.8M

98 active / 27 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

8.04%

Covered Payrolli

$1.5M

Employer Rate Breakdowni

Retirement Normal Costi5.1%
Funding Adjustmenti2.2%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei8.0%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

FRANKFORT POLICE PENSION FUND

Funded Ratioi

64.8%

Financial Position

Assets (Market)i$25.1M
Accrued Liabilityi$39.1M
Unfunded Liabilityi$13.8M

Annual Cash Flow

Employer Contributioni$1.4M
Employee Contributioni$316K
Investment Incomei$2.2M
Benefits Paidi$1.4M

Contribution Adequacy

Required: $1.5MActual: $1.4M-$66K

Investments

1-Year Returni+9.2%

Membershipi

32 active17 retired

Fire Pension

FRANKFORT FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

96.1%

Financial Position

Assets (Market)i$41.2M
Accrued Liabilityi$42.7M
Unfunded Liabilityi$1.7M

Annual Cash Flow

Employer Contributioni$1.4M
Employee Contributioni$737K
Investment Incomei$5.5M
Benefits Paidi$731K

Contribution Adequacy

Required: $1.5MActual: $1.4M-$155K

Investments

1-Year Returni+14.6%

Membershipi

66 active10 retired