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Kankakee Times

Friday, April 26, 2024

Rankings: 8 best funded pensions in Kankakee County

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Manteno, Bourbonnais and Bradley have government pension funds with the highest funding levels in Kankakee 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?

Kankakee County's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Manteno Police Pension Fund
Manteno
Kankakee County
90.51
2
MANTENO COMMUNITY FPD FIREFIGHTERS PENSION FUND
Manteno
Kankakee County
90.36
3
Bourbonnais Police Pension Fund
Bourbonnais
Kankakee County
73.19
4
BOURBONNAIS FPD FIREFIGHTERS PENSION FUND
Bourbonnais
Kankakee County
69.88
5
Bradley Police Pension Fund
Bradley
Kankakee County
64.55
6
Bradley Firefighters Pension Fund
Bradley
Kankakee County
50.59
7
Kankakee Police Pension Fund
Kankakee
Kankakee County
34.78
8
Watseka Police Pension Fund
Watseka
Iroquois County
34.04

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