Bloomingdale ranked 51st highest in Illinois for the largest per-household police and fire pension debt, which stood at $14,754 in fiscal year 2024, according to the Illinois Department of Insurance.
The Bloomingdale FPD Firefighters Pension Fund reported $22,104,519 in unfunded liabilities for 2024, leaving the fund 34.4% short of full funding for promised retirement benefits.
Taxpayers contributed 75.7 percent of the $1,834,783 the Bloomingdale FPD Firefighters Pension Fund brought in 2018, or $3.09 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 60.8 percent of the Bloomingdale FPD Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.