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Pension

Karla Hunter
Accountant

Pension

The Pension Division is responsible for the administration and reporting of the Firefighters’ and Police Pension Funds. Each fund is governed by a local board and is regulated by its respective state statute.  If you are looking for information on the Illinois Municipal Retirement Fund, it can be found here.

Firefighters’ Pension Fund

The Firefighters’ Pension Fund provides pension benefits for the City’s firefighters. As of January 1, 2019, the fund was valued at $157 million and provided benefits to 320 pensioners. Click here for more information on the Firefighters’ Pension Fund.

Police Pension Fund

The Police Pension Fund provides pension benefits for the City’s police officers. As of January 1, 2019, the fund was valued at $188 million and provided benefits to 295 pensioners. Click here for more information on the Police Pension Fund.