After projecting its investments would grow by 6.75 percent, the Tri-State FPD Firefighters Pension Fund lost 1.03 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Tri-State FPD Firefighters Pension Fund had 44 active participants receiving an average salary of $85,405 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 65.2 percent of the $1,061,764 the Tri-State Fpd Firefighters Pension Fund brought in last year, or $1.87 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Tri-State FPD Firefighters Pension Fund lost $1,631,625 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, 71.3 percent of the Tri-State Fpd 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.
Government pension funds in Clarendon Hills, Lombard and Oakbrook Terrace depended least on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.