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  3. /Will County
  4. /Peotone
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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

59.2%

Total Unfundedi

$2.6M

Annual Employer Costi

$395K

10 active / 3 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

5.20%

Employer Rate Breakdowni

Retirement Normal Costi4.4%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei5.2%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

PEOTONE POLICE PENSION FUND

Funded Ratioi

59.2%

Financial Position

Assets (Market)i$3.7M
Accrued Liabilityi$6.4M
Unfunded Liabilityi$2.6M

Annual Cash Flow

Employer Contributioni$395K
Employee Contributioni$396K
Investment Incomei$238K
Benefits Paidi$239K

Contribution Adequacy

Required: $314KActual: $395K+$80K

Investments

1-Year Returni+7.2%

Membershipi

10 active3 retired