Glen Ellyn ranked 97th lowest in Illinois for the largest per-household police and fire pension debt, which stood at $1,882 in fiscal year 2024, according to the Illinois Department of Insurance.
In 2024, the Glen Ellyn Police Pension Fund reported unfunded liabilities totaling $20,278,520, indicating the fund was short by 32.6% of the assets required to fully meet its retirement benefit obligations.
After projecting its investments would grow by 6.5 percent, the Glen Ellyn Police Pension Fund lost 6.1 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 Glen Ellyn Police Pension Fund would have lost $3,946,099 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 84.9 percent of the $2,308,190 the Glen Ellyn Police Pension Fund brought in 2018, or $5.61 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64.6 percent of the Glen Ellyn 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 Glen Ellyn Police Pension Fund netted 5.60 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Glen Ellyn Police Pension Fund had 38 active participants receiving an average salary of $93,546 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 83 percent of the $2,039,367 the Glen Ellyn Police Pension Fund brought in last year, or $4.87 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 67.1 percent of the Glen Ellyn 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.