Government
Oak Brook Police Pension Fund Board of Trustees considers ratification of contract
Oak Brook Police Pension Fund Board of Trustees considers ratification of contract at meeting this morning.
Oak Brook Police Pension Fund
"Regular meetings of the Village Board are held on the second and fourth Tuesday of every month. The Village Board also meets periodically as a Committee-of-the-Whole on the Monday immediately preceding the fourth Tuesday.\
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Videotaped broadcasts of Village Board meetings are aired on Comcast Cable Television, Government Access Channel 6, every Monday at 7 p.m. (Channel 110 for residents in Oak Brook Club.) When a Committee-of-the-Whole meeting is held, it airs the following week on Tuesday at noon. If time permits, both meetings are aired on both days."\
Recent News About Oak Brook Police Pension Fund
Government
Analysis: These 200 Illinois pension funds would go bankrupt fastest without subsidies
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.
Government
Analysis: These 20 DuPage County pension funds would go bankrupt fastest without subsidies
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.
Government
Report: 68% of Oak Brook Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 68 percent of the Oak Brook Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Government
Analysis: Oak Brook pays $3.98 for every $1 pensioners contribute to Oak Brook Police Pension Fund
Taxpayers contributed 80.4 percent of the $1,901,111 the Oak Brook Police Pension Fund brought in last year, or $3.98 for every $1 from pension members.
Government
Report: Oak Brook Police Pension Fund gained $2,267,532 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Oak Brook Police Pension Fund netted 6.54 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Government
Report: Average pensioner in Oak Brook Police Pension Fund earns $95,741 per year
The Oak Brook Police Pension Fund had 40 active participants receiving an average salary of $95,741 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Government
Report: 62.3% of Oak Brook Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 62.3 percent of the Oak Brook Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Government
Analysis: Oak Brook pays $4.74 for every $1 pensioners contribute to Oak Brook Police Pension Fund
Taxpayers contributed 82.6 percent of the $2,355,414 the Oak Brook Police Pension Fund brought in 2018, or $4.74 for every $1 from pension members.
Government
Analysis: Oak Brook Police Pension Fund would go bankrupt in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Oak Brook Police Pension Fund would have lost $4,972,201 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Government
Report: Oak Brook Police Pension Fund lost $2,309,309 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Oak Brook Police Pension Fund lost 6.8 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Government
Oak Brook Police Pension Fund listed as 264th most underfunded in Illinois in 2024
The Oak Brook Police Pension Fund recorded $29,319,784 in unfunded liabilities for 2024, putting it 36.8% below the assets necessary to meet all retirement obligations.
Government
FY 2024: Oak Brook ranks second highest for total police and fire pension debt per household at $42,916
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.