In fiscal year 2024, the Hinsdale Firefighters Pension Fund placed 281st for underfunding among Illinois pension systems, covering just 64.1% of its promised retirement payments with actuarial assets, according to the Illinois Department of Insurance.
After projecting its investments would grow by 6.5 percent, the Hinsdale Firefighters Pension Fund netted 8.1 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 Hinsdale Firefighters Pension Fund would have lost $56,047 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 81.7 percent of the $1,224,011 the Hinsdale Firefighters Pension Fund brought in 2018, or $4.45 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.2 percent of the Hinsdale 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 Hinsdale Firefighters Pension Fund lost 0.20 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Hinsdale Firefighters Pension Fund had 22 active participants receiving an average salary of $94,813 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 82 percent of the $1,095,430 the Hinsdale Firefighters Pension Fund brought in last year, or $4.55 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Hinsdale Firefighters Pension Fund lost $1,358,586 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, 60.3 percent of the Hinsdale 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.