Downers Grove ranked 63rd highest in Illinois for the largest per-household police and fire pension debt, which stood at $12,809 in fiscal year 2024, according to the Illinois Department of Insurance.
The Downers Grove Police Pension Fund reported $61,121,653 in unmet pension obligations in 2024, leaving the fund 44.1% short of assets needed to fulfill all guaranteed retirement benefits.
After projecting its investments would grow by 6.5 percent, the Downers Grove Police Pension Fund lost 4.5 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 Downers Grove Police Pension Fund would have lost $7,029,305 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 83.3 percent of the $3,794,075 the Downers Grove Police Pension Fund brought in 2018, or $4.76 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 50.1 percent of the Downers Grove 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 Downers Grove Police Pension Fund netted 5.62 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Downers Grove Police Pension Fund had 69 active participants receiving an average salary of $92,071 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 77.5 percent of the $3,468,829 the Downers Grove Police Pension Fund brought in last year, or $3.48 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.4 percent of the Downers Grove 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 Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.