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Will County Gazette

Thursday, November 21, 2024

Actuarial funding percentage for pensions in zip code 60423 in 2018 was 71.2

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Pensions in zip code 60423 had an actuarial funding percentage of 71.2 in 2018, according to the Illinois Department of Insurance (IDOI).

The assets of those pensions equaled $33.4 million in 2018, while the liabilities equaled $46.9 million. The zip is located in Frankfort with 87 members and 17 beneficiaries.

The funding percentage of pensions in 60423 is higher than the average funding percentage for the state of Illinois.

Historically, 80 percent has been seen as a solid funding percentage, but this is not always the case. According to the American Academy of Actuaries, a funding percentage is a “point-in-time” measurement and not necessarily indicative of long-term health.

However, a 100 percent funding level is recommended by the Government Finance Officers Association.

Top Actuarial Funding Percentages of pensions by Zip Code for 2018
ZipAssetsLiabilityPercentage
61115$227,447$101,327224.5
62901$1,426,910$897,049159.1
60433$3,665,200$2,600,845140.9
61530$731,481$609,208120.1
61813$330,615$314,733105.1
60175$2,202,457$2,122,963103.7
61866$30,278,487$30,396,96399.6
60544$56,677,581$57,399,09698.7
60950$14,372,947$15,193,57894.6
61607$4,101,607$4,584,52289.5
60447$13,008,638$14,623,10589
62221$5,842,748$6,616,06288.3
60185$33,790,902$38,855,20787
60543$46,689,520$53,769,54486.8
61072$5,614,483$6,466,15586.8
60448$36,891,364$42,832,97386.1
60410$16,001,064$18,634,36285.9
60404$16,302,883$19,200,95484.9
60421$1,647,913$1,948,61284.6
60428$9,715,903$11,493,11684.5
60462$251,351,296$297,363,26584.5
62549$3,080,508$3,700,71283.2
60069$60,310,078$73,995,14781.5
62269$31,451,561$39,125,00380.4
61084$351,912$445,16779.1
61727$7,750,783$9,808,45579
62034$8,247,045$10,612,61177.7
60046$18,770,432$24,221,98377.5
61550$13,205,329$17,044,96577.5
60156$56,885,681$74,361,99076.5
60136$6,912,331$9,044,35776.4
60464$21,639,393$28,310,32976.4
60020$16,757,378$21,966,64976.3
60087$1,778,200$2,333,03576.2
62223$701,363$922,25976.1
60015$87,890,586$115,974,44075.8
61010$11,383,595$15,021,50175.8
61341$4,213,740$5,559,42375.8
60566$178,154,094$236,131,39775.5
61801$87,591,070$116,516,84675.2
61820$195,904,097$260,788,81475.1
62226$14,387,717$19,184,44275
62258$5,767,680$7,729,76074.6
60417$8,293,325$11,172,04274.2
60005$243,602,256$329,839,96573.9
60491$4,142,135$5,613,73673.8
60142$37,732,158$51,332,98973.5
60073$56,068,452$76,577,69873.2
60041$1,804,317$2,467,37173.1
60187$34,116,656$46,684,56573.1
62233$3,475,390$4,767,17472.9
60026$80,410,539$110,435,62172.8
60061$76,499,843$105,026,30172.8
60540$179,586,542$247,142,18772.7
60477$71,282,678$98,169,13472.6
60096$4,116,594$5,678,25372.5
60446$51,781,286$71,584,13672.3
60040$7,428,590$10,370,09471.6
60103$61,320,711$85,713,91971.5
60403$19,468,513$27,307,28371.3
60164$39,186,292$55,067,19671.2
60423$33,426,360$46,946,83871.2
62234$50,675,811$71,142,49071.2
62294$8,656,946$12,161,15871.2
60031$85,109,554$119,720,59971.1
60555$25,496,453$35,937,79371
60070$22,090,341$31,288,34670.6
60914$17,735,403$25,131,28570.6
60542$27,443,730$39,091,06570.2
61853$1,725,954$2,459,40870.2
60805$52,422,124$75,023,44669.9
60451$26,979,201$38,658,70769.8
60439$48,936,847$70,219,83269.7
62208$32,527,982$46,648,31869.7
62521$684,422$984,57269.5
61354$2,489,211$3,592,04469.3
62236$6,642,150$9,588,47669.3
60473$42,072,248$60,842,24069.2
60457$25,767,684$37,268,63769.1
61264$9,758,236$14,153,63469
60107$91,436,157$132,855,95868.8
60102$28,857,245$42,079,52368.6
60545$6,320,441$9,238,92068.4
61356$16,633,756$24,371,74468.3
62401$26,968,311$39,684,79868
60119$10,486,338$15,473,15967.8
60188$90,602,928$134,265,77467.5
60030$36,177,110$53,708,43867.4
62439$4,390,766$6,514,48067.4
60093$78,697,164$116,851,37167.3
60148$133,474,306$198,336,01767.3
62249$11,500,127$17,225,67366.8
62960$12,421,853$18,641,97866.6
60089$154,661,632$232,068,43866.6
62062$4,546,568$6,833,26766.5
60527$40,200,000$60,528,72266.4
60521$49,255,225$74,445,76466.2
60481$6,231,400$9,434,61266.1
62454$9,797,033$14,817,40966.1
62959$26,320,371$39,930,85365.9

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