The Hinsdale Police Pension Fund faced $19,360,093 in unfunded liabilities in 2024, amounting to a 37.8% shortfall in the assets necessary to meet promised retirement benefits.
After projecting its investments would grow by 6.5 percent, the Hinsdale Police Pension Fund netted 5.2 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 Police Pension Fund would have lost $315,714 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 80.9 percent of the $998,389 the Hinsdale Police Pension Fund brought in 2018, or $3.87 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 74.3 percent of the Hinsdale 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 Hinsdale Police Pension Fund netted 3.67 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Hinsdale Police Pension Fund had 26 active participants receiving an average salary of $92,199 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 77 percent of the $1,056,735 the Hinsdale Police Pension Fund brought in last year, or $3.50 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 80.3 percent of the Hinsdale 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.