With just 67.6% of promised retirement payouts supported by actuarial assets, the Burr Ridge Police Pension Fund landed at No. 327 for underfunding among Illinois pension systems in fiscal 2024, according to the Illinois Department of Insurance.
Taxpayers contributed 77 percent of the $1,014,373 the Burr Ridge Police Pension Fund brought in 2018, or $3.35 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 65.1 percent of the Burr Ridge 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 Burr Ridge Police Pension Fund netted 0.31 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Burr Ridge Police Pension Fund had 26 active participants receiving an average salary of $87,978 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 71.5 percent of the $829,841 the Burr Ridge Police Pension Fund brought in last year, or $2.52 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Burr Ridge Police Pension Fund lost $880,619 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, 69.8 percent of the Burr Ridge 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.
Government pension funds in Clarendon Hills, Lombard and Oakbrook Terrace depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.