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Galesburg Reporter

Friday, November 15, 2024

Rankings: 3 best funded pensions in Greater Galesburg

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Monmouth and Galesburg have government pension funds with the highest funding levels in Greater Galesburg, 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 Galesburg's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Monmouth Police Pension Fund
Monmouth
Warren County
53.05
2
Galesburg Police Pension Fund
Galesburg
Knox County
53.04
3
Monmouth Firefighters Pension Fund
Monmouth
Warren County
38.20

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