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  4. /Loves Park
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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

61.7%

Total Unfundedi

$15.1M

Annual Employer Costi

$1.3M

40 active / 23 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

5.58%

Employer Rate Breakdowni

Retirement Normal Costi4.8%
Death Benefiti0.1%
Disabilityi0.0%
Supplemental Benefiti0.6%
Total Employer Ratei5.6%
Member (Employee) Ratei4.5%

Amortization period: 17 years remainingi

Police Pension

LOVES PARK POLICE PENSION FUND

Funded Ratioi

61.7%

Financial Position

Assets (Market)i$23.7M
Accrued Liabilityi$39.3M
Unfunded Liabilityi$15.1M

Annual Cash Flow

Employer Contributioni$1.3M
Employee Contributioni$353K
Investment Incomei$2.0M
Benefits Paidi$1.7M

Contribution Adequacy

Required: $1.5MActual: $1.3M-$207K

Investments

1-Year Returni+8.8%

Membershipi

40 active23 retired