In fiscal year 2024, Winfield held the 32nd lowest for per-household police and fire pension debt in Illinois, reaching $661, according to the Illinois Department of Insurance.
In fiscal year 2024, the Winfield Police Pension Fund was ranked 225th among Illinois police and fire pension systems for having one of the lowest funding ratios, with just 60.8% of promised retirement benefits supported by actuarial assets, state insurance data shows.
After projecting its investments would grow by 6.3 percent, the Winfield Police Pension Fund netted 5.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 87.6 percent of the $1,031,153 the Winfield Police Pension Fund brought in 2018, or $7.23 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 46.3 percent of the Winfield Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Without members and taxpayers subsidizing its revenue, the Winfield Police Pension Fund would have lost $371,564 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
The Winfield Police Pension Fund had 16 active participants receiving an average salary of $77,838 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
After projecting its investments would grow by 6.50 percent, the Winfield Police Pension Fund lost 0.10 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 86.3 percent of the $872,262 the Winfield Police Pension Fund brought in last year, or $6.28 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Winfield Police Pension Fund lost $780,698 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, 47.6 percent of the Winfield Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.