In fiscal year 2024, West Chicago held the 145th highest for per-household police and fire pension debt in Illinois, reaching $6,306, according to the Illinois Department of Insurance.
The West Chicago FPD Firefighters Pension Fund reported $6,339,805 in unfunded liabilities for 2024, falling 11.8% short of the assets required to fully meet its pension commitments.
After projecting its investments would grow by 6.5 percent, the West Chicago FPD Firefighters Pension Fund netted 7.4 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 63.1 percent of the $1,032,330 the West Chicago FPD Firefighters Pension Fund brought in 2018, or $1.70 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 87 percent of the West Chicago FPD Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The West Chicago FPD Firefighters Pension Fund had 41 active participants receiving an average salary of $92,335 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 West Chicago FPD Firefighters Pension Fund lost 1.31 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 63.5 percent of the $989,060 the West Chicago Fpd Firefighters Pension Fund brought in last year, or $1.74 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, West Chicago FPD Firefighters Pension Fund lost $1,770,948 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, 91.9 percent of the West Chicago Fpd Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Divis
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.
West Chicago, Oak Brook and Clarendon Hills have government pension funds with the highest funding levels in DuPage County, according to the Illinois Department of Insurance.
West Chicago, Oak Brook and Clarendon Hills have government pension funds with the highest funding levels in Illinois, according to the Illinois Department of Insurance.