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

78.2%

Total Unfundedi

$22.9M

Annual Employer Costi

$2.9M

105 active / 41 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

10.06%

Covered Payrolli

$6.2M

Employer Rate Breakdowni

Retirement Normal Costi4.8%
Funding Adjustmenti4.5%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei10.1%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

ROMEOVILLE POLICE PENSION FUND

Funded Ratioi

74.5%

Financial Position

Assets (Market)i$63.9M
Accrued Liabilityi$88.4M
Unfunded Liabilityi$22.5M

Annual Cash Flow

Employer Contributioni$2.3M
Employee Contributioni$1.0M
Investment Incomei$5.5M
Benefits Paidi$3.2M

Contribution Adequacy

Required: $2.6MActual: $2.3M-$290K

Investments

1-Year Returni+9.0%

Membershipi

67 active33 retired

Fire Pension

ROMEOVILLE FIREFIGHTERS PENSION FUND

Funded Ratioii

97.9%

Financial Position

Assets (Market)i$15.9M
Accrued Liabilityi$16.6M
Unfunded Liabilityi$356K

Annual Cash Flow

Employer Contributioni$609K
Employee Contributioni$343K
Investment Incomei$1.5M
Benefits Paidi$417K

Contribution Adequacy

Required: $499KActual: $609K+$110K

Investments

1-Year Returni+10.3%

Membershipi

38 active8 retired