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Friday, April 26, 2024

Rankings: 10 best funded pensions in Metro East

Money 02

Glen Carbon, Belleville and Swansea have government pension funds with the highest funding levels in Metro East, 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?

Metro East's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Glen Carbon Police Pension Fund
Glen Carbon
Madison County
83.88
2
SIGNAL HILL FPD FIREFIGHTERS PENSION FUND
Belleville
St. Clair County
83.26
3
Swansea Police Pension Fund
Swansea
St. Clair County
82.68
4
Shiloh Police Pension Fund
Shiloh
St. Clair County
80.44
5
Troy Police Pension Fund
Troy
Madison County
75.91
6
Collinsville Firefighters Pension Fund
Collinsville
Madison County
75.58
7
Mascoutah Police Pension Fund
Mascoutah
St. Clair County
73.50
8
NORTHWEST ST CLAIR COUNTY FPD FIREFIGHTERS PENSION
Belleville
St. Clair County
72.75
9
Edwardsville Police Pension Fund
Edwardsville
Madison County
71.83
10
Fairview Heights Police Pension Fund
Fairview Heights
St. Clair County
70.54

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