Quantcast

Dupage Policy Journal

Wednesday, May 8, 2024

Analysis: These 20 DuPage County pension funds would go bankrupt fastest without subsidies

Budget06

Pension funds in Lombard, Oakbrook Terrace and Oak Brook would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.

Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.

Which DuPage County pension funds will go bankrupt first?

Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Lombard Firefighters Pension Fund
Lombard
$2,827,909
$3,041,995
-$214,086
0
2
Oakbrook Terrace Fire Protection District
Oakbrook Terrace
$76,546
$86,940
-$10,394
0
3
Oak Brook Police Pension Fund
Oak Brook
$2,176,019
$2,404,361
-$228,342
0
4
Bensenville Police Pension Fund
Bensenville
$1,168,462
$1,320,039
-$151,577
0
5
Downers Grove Firefighters Pension Fund
Downers Grove
$3,032,688
$3,506,179
-$473,491
0
6
Hinsdale Police Pension Fund
Hinsdale
$1,037,874
$1,356,161
-$318,287
0
7
Lombard Police Pension Fund
Lombard
$3,223,224
$3,922,735
-$699,511
0
8
Lisle-Woodridge FPD Firefighters Pension Fund
Lisle
$3,755,803
$4,492,851
-$737,048
0
9
Roselle Police Pension Fund
Roselle
$1,436,504
$1,786,629
-$350,125
0
10
Glen Ellyn Police Pension Fund
Glen Ellyn
$1,532,261
$1,980,020
-$447,759
0
11
Downers Grove Police Pension Fund
Downers Grove
$2,811,623
$3,839,379
-$1,027,756
0
12
Oak Brook Firefighters Pension Fund
Oak Brook
$1,794,318
$2,685,836
-$891,518
0
13
Tri-State FPD Firefighters Pension Fund
Burr Ridge
-$324,134
$1,307,491
-$1,631,625
0
14
Lisle Police Pension Fund
Lisle
-$17,769
$1,318,261
-$1,336,030
0
15
Warrenville Police Pension Fund
Warrenville
-$77,671
$859,646
-$937,317
0
16
Burr Ridge Police Pension Fund
Burr Ridge
$49,046
$929,665
-$880,619
0
17
Carol Stream Police Pension Fund
Carol Stream
-$168,550
$2,217,623
-$2,386,173
0
18
Warrenville FPD Firefighters Pension Fund
Warrenville
$9,803
$251,599
-$241,796
0
19
Wheaton Firefighters Pension Fund
Wheaton
-$408,390
$1,384,908
-$1,793,298
0
20
Darien Woodridge FPD Firefighters Pension Fund
Darien
-$192,865
$1,120,457
-$1,313,322
0

MORE NEWS