Villa Park ranked 107th highest in Illinois for the largest per-household police and fire pension debt, which stood at $8,437 in fiscal year 2024, according to the Illinois Department of Insurance.
The Villa Park Firefighters Pension Fund carried $10,753,369 in unfunded liabilities for 2024, leaving it 27.3% short of the assets needed to meet all promised pension obligations.
After projecting its investments would grow by 6.5 percent, the Villa Park Firefighters Pension Fund lost 3.5 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 Villa Park Firefighters Pension Fund would have lost $1,375,019 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 87.5 percent of the $1,174,193 the Villa Park Firefighters Pension Fund brought in 2018, or $6.63 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 62 percent of the Villa Park Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The Villa Park Firefighters Pension Fund had 26 active participants receiving an average salary of $85,474 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 Villa Park Firefighters Pension Fund lost 0.27 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 78.9 percent of the $896,106 the Villa Park Firefighters Pension Fund brought in last year, or $3.20 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Villa Park Firefighters Pension Fund lost $1,168,831 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, 63.1 percent of the Villa Park Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Pension funds in West Chicago, Naperville and Wood Dale 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.