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  3. /Will County
  4. /Joliet
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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

67.7%

Total Unfundedi

$173.0M

Annual Employer Costi

$18.7M

291 active / 229 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

13.68%

Covered Payrolli

$26.5M

Employer Rate Breakdowni

Retirement Normal Costi4.9%
Funding Adjustmenti8.1%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei13.7%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

JOLIET POLICE PENSION FUND

Funded Ratioi

66.9%

Financial Position

Assets (Market)i$350.5M
Accrued Liabilityi$530.9M
Unfunded Liabilityi$175.8M

Annual Cash Flow

Employer Contributioni$18.5M
Employee Contributioni$3.8M
Investment Incomei$30.2M
Benefits Paidi$24.2M

Contribution Adequacy

Required: $16.6MActual: $18.5M+$1.8M

Investments

1-Year Returni+9.0%

Membershipi

277 active225 retired

Fire Pension

EAST JOLIET FPD FIREFIGHTERS PENSION FUND

Funded Ratioii

176.6%

Financial Position

Assets (Market)i$6.5M
Accrued Liabilityi$3.8M
Unfunded Liabilityi-$2.9M

Annual Cash Flow

Employer Contributioni$226K
Employee Contributioni$93K
Investment Incomei$600K
Benefits Paidi$67K

Contribution Adequacy

Required: $130KActual: $226K+$97K

Investments

1-Year Returni+9.8%

Membershipi

14 active4 retired