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West Central Reporter

Friday, November 22, 2024

Rankings: 6 best funded pensions in West Central Illinois

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Jacksonville, Macomb and Beardstown have government pension funds with the highest funding levels in West Central 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?

West Central Illinois' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Jacksonville Firefighters Pension Fund
Jacksonville
Morgan County
68.17
2
Macomb Police Pension Fund
Macomb
McDonough County
64.88
3
Beardstown Firefighters Pension Fund
Beardstown
Cass County
58.23
4
Jacksonville Police Pension Fund
Jacksonville
Morgan County
58.03
5
Macomb Firefighters Pension Fund
Macomb
McDonough County
54.94
6
Beardstown Police Pension Fund
Beardstown
Cass County
49.92

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