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South West Illinois News

Wednesday, April 24, 2024

Rankings: 6 best funded pensions in SW Illinois

Money 07

Chester, Columbia and Waterloo have government pension funds with the highest funding levels in SW 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?

SW Illinois' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Chester Police Pension Fund
Chester
Randolph County
76.38
2
Columbia Police Pension Fund
Columbia
Richland County
71.07
3
Waterloo Police Pension Fund
Waterloo
Monroe County
71.05
4
Duquoin Police Pension Fund
Du Quoin
Perry County
55.33
5
Duquoin Firefighters Pension Fund
Du Quoin
Perry County
44.69
6
Pinckneyville Police Pension Fund
Pinckneyville
Perry County
20.01

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