After projecting its investments would grow by 6.5 percent, the Alsip Firefighters Pension Fund netted 6.9 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Without members and taxpayers subsidizing its revenue, the Alsip Firefighters Pension Fund would have lost $247,504 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 85.2 percent of the $2,073,629 the Alsip Firefighters Pension Fund brought in 2018, or $5.73 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.7 percent of the Alsip Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.