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

89.1%

Total Unfundedi

$2.9M

Annual Employer Costi

$826K

30 active / 7 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

11.89%

Covered Payrolli

$1.8M

Employer Rate Breakdowni

Retirement Normal Costi5.1%
Funding Adjustmenti6.0%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei11.9%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

SHOREWOOD POLICE PENSION FUND

Funded Ratioi

89.1%

Financial Position

Assets (Market)i$23.4M
Accrued Liabilityi$26.4M
Unfunded Liabilityi$2.9M

Annual Cash Flow

Employer Contributioni$826K
Employee Contributioni$400K
Investment Incomei$2.8M
Benefits Paidi$781K

Contribution Adequacy

Required: $624KActual: $826K+$202K

Investments

1-Year Returni+12.7%

Membershipi

30 active7 retired