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Friday, November 22, 2024

Rankings: 10 worst funded pensions in Metro East

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East Saint Louis, Madison and Centreville have government pension funds with the lowest 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 unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
East St Louis Firefighters Pension Fund
East Saint Louis
St. Clair County
13.43
2
Madison Police Pension Fund
Madison
Madison County
18.67
3
Centreville Police Pension Fund
Centreville
St. Clair County
25.94
4
Venice Police Pension Fund
Venice
Madison County
26.25
5
East Alton Firefighters Pension Fund
East Alton
Madison County
26.31
6
Alton Firefighters Pension Fund
Alton
Madison County
30.35
7
Jerseyville Police Pension Fund
Jerseyville
Jersey County
30.94
8
Alton Police Pension Fund
Alton
Madison County
32.38
9
Granite City Police Pension Fund
Granite City
Madison County
32.75
10
East Alton Police Pension Fund
East Alton
Madison County
34.15

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