Elmhurst ranked 129th highest in Illinois for the largest per-household police and fire pension debt, which stood at $7,226 in fiscal year 2024, according to the Illinois Department of Insurance.
In fiscal year 2024, the Elmhurst Firefighters Pension Fund was ranked 446th for underfunding among Illinois police and fire pension funds, having 76.5% of its projected pension payments covered by actuarial assets, per the Illinois Department of Insurance.
After projecting its investments would grow by 6.5 percent, the Elmhurst Firefighters Pension Fund lost 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 Elmhurst Firefighters Pension Fund would have lost $5,109,063 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 84.4 percent of the $2,623,011 the Elmhurst Firefighters Pension Fund brought in 2018, or $5.42 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64.4 percent of the Elmhurst Firefighters 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 Elmhurst Firefighters Pension Fund netted 5.97 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Elmhurst Firefighters Pension Fund had 40 active participants receiving an average salary of $99,207 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 83.3 percent of the $2,236,939 the Elmhurst Firefighters Pension Fund brought in last year, or $4.98 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 67.8 percent of the Elmhurst Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.