In fiscal year 2024, Darien held the 87th highest for per-household police and fire pension debt in Illinois, reaching $10,645, according to the Illinois Department of Insurance.
In fiscal year 2024, the Darien Police Pension Fund stood at 194th place for underfunding among Illinois pension systems, with actuarial assets supporting only 58.7% of its projected retirement payouts, according to the Illinois Department of Insurance.
After projecting its investments would grow by 6.5 percent, the Darien Police Pension Fund netted 6.5 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Without members and taxpayers subsidizing its revenue, the Darien Police Pension Fund would have lost $295,136 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 83.2 percent of the $1,765,957 the Darien Police Pension Fund brought in 2018, or $4.97 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.7 percent of the Darien 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 Darien Police Pension Fund lost 0.10 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Darien Police Pension Fund had 32 active participants receiving an average salary of $95,444 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 79.6 percent of the $1,519,794 the Darien Police Pension Fund brought in last year, or $3.91 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Darien Police Pension Fund lost $1,823,908 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, 59.9 percent of the Darien Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Pension funds in West Chicago, Naperville and Wood Dale 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.