Quantcast

Chambana Sun

Saturday, April 27, 2024

Rankings: 10 worst funded pensions in Greater C-U

Money 07

Danville, Monticello and Mahomet have government pension funds with the lowest funding levels in Greater C-U, 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?

Greater C-U's unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Danville Firefighters Pension Fund
Danville
Vermilion County
16.56
2
Danville Police Pension Fund
Danville
Vermilion County
30.49
3
Monticello Police Pension Fund
Monticello
Piatt County
35.23
4
Mahomet Police Pension Fund
Mahomet
Champaign County
64.04
5
Hoopeston Police Pension Fund
Hoopeston
Vermilion County
65.76
6
Rantoul Police Pension Fund
Rantoul
Champaign County
65.92
7
Urbana Police Pension Fund
Urbana
Champaign County
74.06
8
Champaign Police Pension Fund
Champaign
Champaign County
78.57
9
Champaign Firefighters Pension Fund
Champaign
Champaign County
78.70
10
Urbana Firefighters Pension Fund
Urbana
Champaign County
87.49

MORE NEWS