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Grundy Reporter

Saturday, November 23, 2024

Rankings: 4 best funded pensions in Grundy County

Money 04

Coal City, Minooka and Morris have government pension funds with the highest funding levels in Grundy County, 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?

Grundy County's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
COAL CITY FIREFIGHTER'S PENSION FUND
Coal City
Grundy County
87.49
2
Minooka Police Pension Fund
Minooka
Grundy County
74.20
3
Morris Police Pension Fund
Morris
Grundy County
61.56
4
Coal City Police Pension Fund
Coal City
Grundy County
25.90

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