Board Report October 2025

PONTIAC TOWNSHIP HIGH SCHOOL DISTRICT NO. 90 NOTES TO FINANCIAL STATEMENTS JUNE 30, 2025

NOTE 11 — RETIREMENT PLANS — CONTINUED

ILLINOIS MUNICIPAL RETIREMENT FUND — CONTINUED

For the purpose of this valuation, the expected rate of return on plan investments is 7.25%, the municipal bond rate is 4.08%, and the resulting single discount rate is 7.25%. Changes in the Net Pension Liability

Total Pension Liability (A)

Plan Fiduciary Net Position (B)

Net Pension Liability (A)-(B)

Balances at December 31, 2023 Changes for the year:

$ 8,491,699 $

7,698,907 $

792,792

Service Cost

147,461 599,199

147,461 599,199

Interest on the Total Pension Liability Changes of Benefit Terms Differences Between Expected and Actual Experience of the Total Pension Liability

91,757

91,757

Changes of Assumptions Contributions - Employer Contributions - Employees Net Investment Income

136,407 69,993 770,114 (601,221) 132,161

(136,407) (69,993) (770,114)

Benefit Payments, including Refunds of Employee Contributions

(601,221)

Other

(132,161) (270,258) 522,634

Net Changes

237,196

507,454

Balances at December 31, 2024

8,206,261 $

$ 8 728,895 $

Sensitivity of the Net Pension Liability to Changes in the Discount Rate The following presents the plan's net pension liability, calculated using a Single Discount Rate of 7.25%, as well as what the plan's net pension liability would be if it were calculated using a Single Discount Rate that is 1% lower or 1% higher: 1% Lower Current Discount 1% Higher (6.25%) (7.25%) (8.25%) Net Pension Liability $ 1,385,555 $ 522,634 $ (190,267)

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