Wood Dale ranked 12th highest in Illinois for the largest per-household police and fire pension debt, which stood at $30,432 in fiscal year 2024, according to the Illinois Department of Insurance.
The Wood Dale FPD Firefighters Pension Fund held $32,350,412 in unfunded liabilities in 2024, missing 64.9% of the assets required to support pledged retirement benefits.
Taxpayers contributed 82.4 percent of the $1,264,754 the Wood Dale FPD Firefighters Pension Fund brought in 2018, or $4.67 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 32.5 percent of the Wood Dale FPD Firefighters Pension Fund is funded, 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 Wood Dale FPD Firefighters Pension Fund lost 1.95 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
The Wood Dale FPD Firefighters Pension Fund had 27 active participants receiving an average salary of $88,492 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 83.8 percent of the $1,496,347 the Wood Dale Fpd Firefighters Pension Fund brought in last year, or $5.14 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Wood Dale FPD Firefighters Pension Fund lost $1,876,005 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, 38.5 percent of the Wood Dale Fpd Firefighters 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.