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.
The Elmhurst Police Pension Fund faced $39,322,330 in unfunded liabilities in 2024, indicating it was 30.3% below the assets needed to fulfill all promised pension benefits.
After projecting its investments would grow by 6.5 percent, the Elmhurst Police Pension Fund lost 3.6 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 Police Pension Fund would have lost $7,507,753 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 84.2 percent of the $4,261,735 the Elmhurst Police Pension Fund brought in 2018, or $5.31 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 60.6 percent of the Elmhurst 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 Elmhurst Police Pension Fund netted 5.94 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Elmhurst Police Pension Fund had 65 active participants receiving an average salary of $95,069 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 83 percent of the $3,594,736 the Elmhurst Police Pension Fund brought in last year, or $4.87 for every $1 from pension members.
Elmhurst Police Pension Fund Board met Monday, May 7.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64.2 percent of the Elmhurst Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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.