In fiscal year 2024, Roselle held the 166th lowest for per-household police and fire pension debt in Illinois, reaching $4,408, according to the Illinois Department of Insurance.
In fiscal 2024, the Roselle Police Pension Fund placed 244th out of Illinois pension funds with a funding ratio of 62.1%, leaving over a third of its projected retirement payouts unfunded, state insurance officials report.
After projecting its investments would grow by 6.5 percent, the Roselle Police Pension Fund lost 4.7 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 Roselle Police Pension Fund would have lost $3,222,077 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 81.8 percent of the $1,513,876 the Roselle Police Pension Fund brought in 2018, or $4.51 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.6 percent of the Roselle 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 Roselle Police Pension Fund netted 5.99 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Roselle Police Pension Fund had 26 active participants receiving an average salary of $96,821 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 80.1 percent of the $1,336,147 the Roselle Police Pension Fund brought in last year, or $4.06 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 60.8 percent of the Roselle Police 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.