Oakbrook Terrace ranked 98th highest in Illinois for the largest per-household police and fire pension debt, which stood at $9,243 in fiscal year 2024, according to the Illinois Department of Insurance.
In fiscal year 2024, the Oakbrook Terrace Police Pension Fund ranked 392nd among Illinois police and fire pension funds for funding shortfalls, with 72.4% of promised retirement benefits supported by actuarial assets, Illinois Department of Insurance data shows.
After projecting its investments would grow by 6.5 percent, the Oakbrook Terrace Police Pension Fund netted 8.4 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 Oakbrook Terrace Police Pension Fund would have lost $137,800 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 85.9 percent of the $1,210,940 the Oakbrook Terrace Police Pension Fund brought in 2018, or $6.07 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 53.4 percent of the Oakbrook Terrace 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 Oakbrook Terrace Police Pension Fund lost 0.75 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Oakbrook Terrace Police Pension Fund had 20 active participants receiving an average salary of $89,452 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 80 percent of the $1,140,082 the Oakbrook Terrace Police Pension Fund brought in last year, or $4 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Oakbrook Terrace Police Pension Fund lost $1,127,512 in 2016, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 52.6 percent of the Oakbrook Terrace Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.