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.
In fiscal year 2024, the Wood Dale Police Pension Fund placed 165th out of Illinois pension systems for underfunding, with just 56.8% of its committed retirement benefits supported by actuarial assets, according to data from the Illinois Department of Insurance.
After projecting its investments would grow by 6.5 percent, the Wood Dale Police 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 79.1 percent of the $1,493,522 the Wood Dale Police Pension Fund brought in 2018, or $3.89 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58.9 percent of the Wood Dale Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
The Wood Dale Police Pension Fund had 35 active participants receiving an average salary of $92,748 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 Wood Dale Police Pension Fund lost 1.68 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 75.3 percent of the $1,359,489 the Wood Dale Police Pension Fund brought in last year, or $3.08 for every $1 from pension members.
Without members and taxpayers subsidizing its revenue, Wood Dale Police Pension Fund lost $1,560,664 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, 61.1 percent of the Wood Dale 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.