1. States
  2. /Illinois
  3. /Will County
  4. /Wilmington
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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

69.7%

Total Unfundedi

$3.5M

Annual Employer Costi

$465K

19 active / 6 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

4.81%

Employer Rate Breakdowni

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

Amortization period: 17 years remainingi

Police Pension

WILMINGTON POLICE PENSION FUND

Funded Ratioi

69.7%

Financial Position

Assets (Market)i$7.8M
Accrued Liabilityi$11.5M
Unfunded Liabilityi$3.5M

Annual Cash Flow

Employer Contributioni$465K
Employee Contributioni$172K
Investment Incomei$703K
Benefits Paidi$653K

Contribution Adequacy

Required: $386KActual: $465K+$80K

Investments

1-Year Returni+9.4%

Membershipi

19 active6 retired