In fiscal year 2024, Wayne held the 126th lowest for per-household police and fire pension debt in Illinois, reaching $2,862, according to the Illinois Department of Insurance.
In fiscal year 2024, the Wayne Police Pension Fund placed 81st for underfunding among Illinois pension funds, backing just 48.3% of its total promised retirement benefits with actuarial assets, the Illinois Department of Insurance reports.
After projecting its investments would grow by 5 percent, the Wayne Police Pension Fund netted 2.3 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 Wayne Police Pension Fund would have lost $174,326 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 92.5 percent of the $225,676 the Wayne Police Pension Fund brought in 2018, or $12.46 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 42.4 percent of the Wayne Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The Wayne Police Pension Fund had 5 active participants receiving an average salary of $69,012 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
After projecting its investments would grow by 5.00 percent, the Wayne Police Pension Fund netted 0.32 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 85.9 percent of the $242,904 the Wayne Police Pension Fund brought in last year, or $6.10 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Wayne Police Pension Fund lost $96,688 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, 46 percent of the Wayne Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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.
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.
Bensenville, Wayne and Oakbrook Terrace have government pension funds with the lowest funding levels in DuPage County, according to the Illinois Department of Insurance.