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Friday, November 22, 2024

Rankings: 10 best funded pensions in Metro Rockford

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Roscoe, Cherry Valley and Rockton have government pension funds with the highest 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 healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Harlem-Roscoe Firefighters Pension Fund
Roscoe
Winnebago County
85.73
2
CHERRY VALLEY FPD FIREFIGHTER'S PENSION FUND
Cherry Valley
Winnebago County
82.40
3
Rockton Police Pension Fund
Rockton
Winnebago County
77.46
4
Belvidere Police Pension Fund
Belvidere
Boone County
66.49
5
South Beloit Police Pension Fund
South Beloit
Winnebago County
63.05
6
Belvidere Firefighters Pension Fund
Belvidere
Boone County
58.91
7
Rockford Police Pension Fund
Rockford
Winnebago County
57.85
8
Loves Park Police Pension Fund
Loves Park
Winnebago County
53.62
9
Roscoe Police Pension Fund
Roscoe
Winnebago County
52.86
10
Rockford Firefighters Pension Fund
Rockford
Winnebago County
50.78

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