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.
After projecting its investments would grow by 6.5 percent, the Villa Park Police Pension Fund lost 3.9 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 Police Pension Fund would have lost $3,205,386 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 89.3 percent of the $2,079,854 the Villa Park Police Pension Fund brought in 2018, or $8.33 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 50.8 percent of the Villa Park 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 Villa Park Police Pension Fund lost 0.49 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Villa Park Police Pension Fund had 37 active participants receiving an average salary of $82,634 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 79.6 percent of the $1,572,766 the Villa Park Police Pension Fund brought in last year, or $3.92 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Villa Park Police Pension Fund lost $2,658,393 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, 55.8 percent of the Villa Park Police 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.