From the Will County Gazette
Rankings: 10 worst funded pensions in Will County
Peotone, Manhattan and Monee have government pension funds with the lowest funding levels in Will County, 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?
Will County's unhealthiest pension funds
Rank
Fund
City
County
Funding Percent
1
Peotone Police Pension Fund
Peotone
Will County
25.74
2
Manhattan Police Pension Fund
Manhattan
Will County
27.88
3
Monee Police Pension Fund
Monee
Will County
34.88
4
Joliet Firefighters Pension Fund
Joliet
Will County
53.85
5
Bolingbrook Police Pension Fund
Bolingbrook
Will County
53.88
6
Bolingbrook Firefighters Pension Fund
Bolingbrook
Will County
54.95
7
MANHATTAN FPD FIREFIGHTER'S PENSION FUND
Manhattan
Will County
55.05
8
Wilmington Police Pension Fund
Wilmington
Will County
57.85
9
Frankfort Police Pension Fund
Frankfort
Will County
57.88
10
Braidwood Police Pension Fund
Braidwood
Will County
59.23
No comments:
Post a Comment