Without members and taxpayers subsidizing its revenue, the Lombard Firefighters Pension Fund would have lost $5,989,530 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
After projecting its investments would grow by 6.5 percent, the Lombard Firefighters Pension Fund lost 4.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
For fiscal year 2024, the Lombard Firefighters Pension Fund was 478th among Illinois pension funds in underfunding, with just 80.1% of promised retirement benefits supported by actuarial assets, the Illinois Department of Insurance reports.
In fiscal year 2024, Lombard held the 114th highest for per-household police and fire pension debt in Illinois, reaching $7,919, according to the Illinois Department of Insurance.