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Actuary recommends $1.57 million contribution to Warrenville police pension to reach 100% funding by 2040
Summary
An actuary told the Warrenville City Council that a $1,565,945 contribution is the firm's recommended annual payment to bring the police pension to 100% funded status by 2040; the plan was about 74% funded as of 04/30/2025, with roughly $31.9 million in assets.
Anthony Gudvilis, an actuary with Lauterbach and Amen, presented the police pension funding and actuarial reports to the City of Warrenville on Dec. 1, saying, “We have the recommended contribution for the year at $1,565,945.” He said that recommendation is designed to bring the fund to 100% funding by 2040.
Gudvilis told the council the pension plan’s funded ratio was about 74% as of the April 30, 2025 fiscal-year end and that plan assets were approximately $31,900,000. He described changes made after the firm’s recent experience study — including modest…
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