After projecting its investments would grow by 6.50 percent, the Glenside FPD Firefighters Pension Fund lost 0.06 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Glenside FPD Firefighters Pension Fund had 13 active participants receiving an average salary of $91,233 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 91.7 percent of the $1,385,121 the Glenside Fpd Firefighters Pension Fund brought in last year, or $11 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Glenside FPD Firefighters Pension Fund lost $774,741 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, 58.5 percent of the Glenside Fpd Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Pension funds in West Chicago, Naperville and Wood Dale would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.