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 Police Pension Fund reported $38,803,236 in unfunded liabilities for 2024, indicating the fund was short 45.4% of the assets required to meet its retirement benefit commitments.
Taxpayers contributed 81.1 percent of the $2,100,373 the Bloomingdale Police Pension Fund brought in 2018, or $4.28 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 Bloomingdale 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 Bloomingdale Police Pension Fund lost 2.97 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Bloomingdale Police Pension Fund had 45 active participants receiving an average salary of $92,544 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 75.6 percent of the $1,740,145 the Bloomingdale Police Pension Fund brought in last year, or $3.10 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Bloomingdale Police Pension Fund lost $2,509,569 in 2016, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 57.4 percent of the Bloomingdale Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.