In fiscal year 2024, the Naperville Firefighters Pension Fund placed 518th among Illinois pension systems for underfunding, with just 86.2% of promised retirement benefits supported by actuarial assets, according to state data.
The Clarendon Hills Firefighters Pension Fund reported -$378,560 in unfunded liabilities during 2024, leaving the system short by -23.3% of the assets needed to fully meet promised retirement payments.
In fiscal year 2024, the Winfield FPD Firefighters Pension Fund held the 628th spot among Illinois pension systems in underfunding, supporting just 124.3% of its projected retirement liabilities with actuarial assets, according to the Illinois Department of Insurance.
In fiscal year 2024, the Winfield Police Pension Fund was ranked 225th among Illinois police and fire pension systems for having one of the lowest funding ratios, with just 60.8% of promised retirement benefits supported by actuarial assets, state insurance data shows.
The Wheaton Firefighters Pension Fund reported unfunded liabilities of -$1,057,154 in 2024, leaving the system -1.8% short of having enough assets to fully meet its retirement benefit commitments.
The Addison Firefighters Pension Fund in 2024 reported an unfunded liability of -$59,128, signaling it was short by -0.1% of the assets required to meet all promised retirement benefits.
In fiscal year 2024, the Wood Dale Police Pension Fund placed 165th out of Illinois pension systems for underfunding, with just 56.8% of its committed retirement benefits supported by actuarial assets, according to data from the Illinois Department of Insurance.
In fiscal year 2024, the York Center Fire Protection District Pension Fund in Lombard held the 597th position among Illinois' most underfunded pension systems, with just 101.1% of its retirement benefit liabilities covered by actuarial assets, per the Illinois Department of Insurance.
The Roselle Firefighters Pension Fund had $3,830,435 in unfunded obligations in 2024, showing a 23.1% gap between assets and promised retirement payments.
The Lisle-Woodridge FPD Firefighters Pension Fund reported $82,751,218 in unfunded liabilities in 2024, which leaves the system 45.2% below the assets needed to meet all retirement benefit obligations.
The West Chicago FPD Firefighters Pension Fund reported $6,339,805 in unfunded liabilities for 2024, falling 11.8% short of the assets required to fully meet its pension commitments.
In fiscal year 2024, the Carol Stream Police Pension Fund placed 414th in underfunding out of Illinois police and fire pension funds, backing only 73.9% of owed retirement benefits with current actuarial assets, per the Illinois Department of Insurance.
The Oak Brook Police Pension Fund recorded $29,319,784 in unfunded liabilities for 2024, putting it 36.8% below the assets necessary to meet all retirement obligations.
The Lisle Police Pension Fund faced $15,501,442 in unfunded liabilities in 2024, leaving the system 25.1% below the assets required to fulfill promised pension benefits.
In fiscal year 2024, the Oakbrook Terrace Police Pension Fund ranked 392nd among Illinois police and fire pension funds for funding shortfalls, with 72.4% of promised retirement benefits supported by actuarial assets, Illinois Department of Insurance data shows.