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.
During fiscal year 2024, the West Chicago Police Pension Fund was ranked 369th in underfunding among all Illinois pension systems, with only 70.6% of its expected retirement benefits supported by actuarial assets, Illinois Department of Insurance data shows.
After projecting its investments would grow by 6.5 percent, the West Chicago Police Pension Fund lost 4 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 West Chicago Police Pension Fund would have lost $3,220,885 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 84.8 percent of the $2,949,365 the West Chicago Police Pension Fund brought in 2018, or $5.78 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58.3 percent of the West Chicago Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The West Chicago Police Pension Fund had 45 active participants receiving an average salary of $92,779 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 Police Pension Fund netted 6.73 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 81.3 percent of the $2,674,620 the West Chicago Police Pension Fund brought in last year, or $5.08 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58.8 percent of the West Chicago 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.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
Government pension funds in Naperville, Lisle and Elmhurst depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.