Woodridge ranked 110th lowest in Illinois for the largest per-household police and fire pension debt, which stood at $2,341 in fiscal year 2024, according to the Illinois Department of Insurance.
In fiscal year 2024, the Woodridge Police Pension Fund placed 299th in underfunding among Illinois pension systems, with just 65.3% of its retirement obligations covered by actuarial assets, state insurance data shows.
After projecting its investments would grow by 6.5 percent, the Woodridge Police Pension Fund lost 4.3 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 84 percent of the $2,912,851 the Woodridge Police Pension Fund brought in 2018, or $5.25 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 49.7 percent of the Woodridge 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 Woodridge Police Pension Fund would have lost $4,997,843 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
The Woodridge Police Pension Fund had 51 active participants receiving an average salary of $93,034 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 Woodridge Police Pension Fund netted 4.83 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
Taxpayers contributed 81.7 percent of the $2,465,003 the Woodridge Police Pension Fund brought in last year, or $4.46 for every $1 from pension members.
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 54.9 percent of the Woodridge Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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.
Bensenville, Wayne and Oakbrook Terrace have government pension funds with the lowest funding levels in DuPage County, according to the Illinois Department of Insurance.