In fiscal year 2024, Bensenville held the 106th highest for per-household police and fire pension debt in Illinois, reaching $8,613, according to the Illinois Department of Insurance.
The Bensenville Police Pension Fund faced $10,982,297 in unfunded pension liabilities in 2024, falling short by 21.5% of the assets required to fund all retirement obligations.
Taxpayers contributed 76.1 percent of the $1,519,233 the Bensenville Police Pension Fund brought in 2018, or $3.25 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 52.8 percent of the Bensenville Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
After projecting its investments would grow by 6.75 percent, the Bensenville Police Pension Fund netted 6.83 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Bensenville Police Pension Fund had 35 active participants receiving an average salary of $91,150 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 77.2 percent of the $1,360,707 the Bensenville Police Pension Fund brought in last year, or $3.37 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.5 percent of the Bensenville Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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 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.