In fiscal year 2024, Wheaton held the 13th lowest for per-household police and fire pension debt in Illinois, reaching $278, according to the Illinois Department of Insurance.
In fiscal year 2024, the Wheaton Police Pension Fund placed 549th among Illinois pension funds in underfunding, with actuarial assets backing just 91.2% of its committed retirement benefits, data from the Illinois Department of Insurance show.
After projecting its investments would grow by 6.5 percent, the Wheaton Police Pension Fund lost 5.4 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 87.1 percent of the $3,368,358 the Wheaton Police Pension Fund brought in 2018, or $6.76 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, the Wheaton Police Pension Fund would have lost $5,642,894 in 2018, 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, 59.6 percent of the Wheaton Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The Wheaton Police Pension Fund had 67 active participants receiving an average salary of $97,240 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 Wheaton Police Pension Fund lost 1.48 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 74.2 percent of the $2,698,012 the Wheaton Police Pension Fund brought in last year, or $2.73 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Wheaton Police Pension Fund lost $3,881,083 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, 63.8 percent of the Wheaton 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.
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.