Naperville ranked 165th lowest in Illinois for the largest per-household police and fire pension debt, which stood at $4,406 in fiscal year 2024, according to the Illinois Department of Insurance.
The Naperville Police Pension Fund reported $54,052,554 in unfunded liabilities in 2024, falling 16.8% short of the assets required to meet future retirement benefit commitments.
After projecting its investments would grow by 6.5 percent, the Naperville Police Pension Fund lost 4.9 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 Naperville Police Pension Fund would have lost $15,939,824 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 82.4 percent of the $8,771,358 the Naperville Police Pension Fund brought in 2018, or $4.09 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 75.4 percent of the Naperville Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The Naperville Police Pension Fund had 165 active participants receiving an average salary of $104,796 in 2016, 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 Naperville Police Pension Fund netted 7.58 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 77.4 percent of the $8,181,345 the Naperville Police Pension Fund brought in last year, or $3.52 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 77.2 percent of the Naperville Police 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.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
West Chicago, Oak Brook and Clarendon Hills have government pension funds with the highest funding levels in DuPage County, according to the Illinois Department of Insurance.
West Chicago, Oak Brook and Clarendon Hills have government pension funds with the highest funding levels in Illinois, according to the Illinois Department of Insurance.