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Friday, November 22, 2024

Rankings: 6 best funded pensions in SE Illinois

Money272

Harrisburg, Eldorado and Fairfield have government pension funds with the highest funding levels in SE 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?

SE Illinois' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Harrisburg Firefighters Pension Fund
Harrisburg
Saline County
73.76
2
Eldorado Police Pension Fund
Eldorado
Saline County
62.51
3
Harrisburg Police Pension Fund
Harrisburg
Saline County
53.29
4
Fairfield Firefighters Pension Fund
Fairfield
Wayne County
49.17
5
Carmi Police Pension Fund
Carmi
White County
45.84
6
Fairfield Police Pension Fund
Fairfield
Wayne County
34.84

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