Glendale Heights ranked 167th lowest in Illinois for the largest per-household police and fire pension debt, which stood at $4,413 in fiscal year 2024, according to the Illinois Department of Insurance.
Glendale Heights Police Pension Fund saw $27,405,356 in unfunded liabilities in 2024, leaving it 31.3% below the asset level needed to cover all future retirement benefits.
After projecting its investments would grow by 6.5 percent, the Glendale Heights Police Pension Fund netted 5.1 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 Glendale Heights Police Pension Fund would have lost $257,849 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 81.8 percent of the $2,629,476 the Glendale Heights Police Pension Fund brought in 2018, or $4.49 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 62 percent of the Glendale Heights 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 Glendale Heights Police Pension Fund netted 0.16 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Glendale Heights Police Pension Fund had 53 active participants receiving an average salary of $86,681 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 77 percent of the $2,134,514 the Glendale Heights Police Pension Fund brought in last year, or $3.34 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Glendale Heights Police Pension Fund lost $1,931,486 in 2016, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64 percent of the Glendale Heights Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.