Carol Stream ranked 108th highest in Illinois for the largest per-household police and fire pension debt, which stood at $8,332 in fiscal year 2024, according to the Illinois Department of Insurance.
The Carol Stream FPD Firefighters Pension Fund faced a $22,838,853 shortfall in 2024, indicating it was 28.6% below the assets required to fully meet its pension obligations.
After projecting its investments would grow by 6.5 percent, the Carol Stream FPD Firefighters Pension Fund netted 6.8 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 74.9 percent of the $1,854,743 the Carol Stream FPD Firefighters Pension Fund brought in 2018, or $2.88 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 71.2 percent of the Carol Stream FPD Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.