Quantcast

Chambana Sun

Friday, April 26, 2024

Rankings: 10 best funded pensions in Greater C-U

Money759

Urbana, Champaign and Rantoul have government pension funds with the highest 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 healthiest pension funds

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

MORE NEWS