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Tuesday, December 24, 2024

Rankings: 10 best funded pensions in Northwest Illinois

Money 07

Byron, Freeport and Rochelle have government pension funds with the highest funding levels in Northwest Illinois, 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?

Northwest Illinois' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
BYRON FPD FIREFIGHTERS PENSION FUND
Byron
Ogle County
83.65
2
Freeport Firefighters Pension Fund
Freeport
Stephenson County
74.39
3
Rochelle Police Pension Fund
Rochelle
Ogle County
70.90
4
Rock Falls Firefighters Pension Fund
Rock Falls
Whiteside County
70.79
5
Rochelle Firefighters Pension Fund
Rochelle
Ogle County
66.50
6
Dixon Police Pension Fund
Dixon
Lee County
66.39
7
Sterling Police Pension Fund
Sterling
Whiteside County
59.68
8
Sterling Firefighters Pension Fund
Sterling
Whiteside County
54.50
9
Rock Falls Police Pension Fund
Rock Falls
Whiteside County
54.37
10
DIXON COMMUNITY FPD FIREFIGHTER PENSION FUND
Dixon
Lee County
53.70

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