Oak Brook ranked second highest in Illinois for the largest per-household police and fire pension debt, which stood at $42,916 in fiscal year 2024, according to the Illinois Department of Insurance.
In fiscal year 2024, the Oak Brook Firefighters Pension Fund was the 240th most underfunded among Illinois police and fire pension funds, with an actuarial funding level of just 61.7%, according to the Illinois Department of Insurance.
After projecting its investments would grow by 6.5 percent, the Oak Brook Firefighters Pension Fund lost 4.8 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 Oak Brook Firefighters Pension Fund would have lost $4,057,096 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 87.2 percent of the $2,367,616 the Oak Brook Firefighters Pension Fund brought in 2018, or $6.88 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 51.9 percent of the Oak Brook Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The Oak Brook Firefighters Pension Fund had 32 active participants receiving an average salary of $91,109 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 Oak Brook Firefighters Pension Fund netted 7.31 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 88 percent of the $2,046,712 the Oak Brook Firefighters Pension Fund brought in last year, or $6.58 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 55.9 percent of the Oak Brook Firefighters 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.