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.
Darien Woodridge FPD Firefighters Pension Fund ranked 279th in Illinois for underfunding in fiscal 2024, with only 64% of committed retirement benefits covered by assets, Illinois Department of Insurance data shows.
After projecting its investments would grow by 6.5 percent, the Darien Woodridge FPD Firefighters Pension Fund netted 7 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 Woodridge FPD Firefighters Pension Fund would have lost $45,223 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 74.3 percent of the $1,189,345 the Darien Woodridge FPD Firefighters Pension Fund brought in 2018, or $2.93 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58.8 percent of the Darien Woodridge FPD Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.