Quantcast

Rockford Sun

Saturday, May 18, 2024

Rankings: 10 worst funded pensions in Metro Rockford

Money 08

Cherry Valley, Rockford and Roscoe have government pension funds with the lowest funding levels in Metro Rockford, according to the Illinois Department of Insurance.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

Metro Rockford's unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Cherry Valley Police Pension Fund
Cherry Valley
Winnebago County
25.13
2
Rockford Firefighters Pension Fund
Rockford
Winnebago County
50.78
3
Roscoe Police Pension Fund
Roscoe
Winnebago County
52.86
4
Loves Park Police Pension Fund
Loves Park
Winnebago County
53.62
5
Rockford Police Pension Fund
Rockford
Winnebago County
57.85
6
Belvidere Firefighters Pension Fund
Belvidere
Boone County
58.91
7
South Beloit Police Pension Fund
South Beloit
Winnebago County
63.05
8
Belvidere Police Pension Fund
Belvidere
Boone County
66.49
9
Rockton Police Pension Fund
Rockton
Winnebago County
77.46
10
CHERRY VALLEY FPD FIREFIGHTER'S PENSION FUND
Cherry Valley
Winnebago County
82.40

MORE NEWS