Lombard Police Pension Fund
Recent News About Lombard Police Pension Fund
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Report: Lombard Police Pension Fund lost $2,256,959 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Lombard Police Pension Fund lost 3.7 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Lombard Police Pension Fund would go bankrupt in 10 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Lombard Police Pension Fund would have lost $7,167,200 in 2018, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Lombard pays $5.43 for every $1 pensioners contribute to Lombard Police Pension Fund
Taxpayers contributed 84.2 percent of the $4,288,408 the Lombard Police Pension Fund brought in 2018, or $5.43 for every $1 from pension members.
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Report: 64.3% of Lombard Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64.3 percent of the Lombard Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Lombard 'very confident in the numbers' despite actuary's suspension, village finance official says
Lombard is taking positive steps in the wake of news this past summer about actuary Timothy W. Sharpe's suspension that prompted one lawmaker to call for pension plans to be recalculated and reviewed, a village finance official said during a recent interview.
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Report: Average pensioner in Lombard Police Pension Fund earns $95,500 per year
The Lombard Police Pension Fund had 69 active participants receiving an average salary of $95,500 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Lombard Police Pension Fund gained $3,340,819 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Lombard Police Pension Fund netted 5.27 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Lombard pays $4.22 for every $1 pensioners contribute to Lombard Police Pension Fund
Taxpayers contributed 80.8 percent of the $3,632,378 the Lombard Police Pension Fund brought in last year, or $4.22 for every $1 from pension members.
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Report: 68.2% of Lombard Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 68.2 percent of the Lombard Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: These 20 DuPage County pension funds would go bankrupt fastest without subsidies
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.
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Analysis: These 200 Illinois pension funds would go bankrupt fastest without subsidies
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.
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DuPage County pension funds: Where do taxpayers contribute most?
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.
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Illinois pension funds: Where do taxpayers contribute most?
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.
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Analysis: DuPage County fire, police pension funds paid $132 million, lost $7 million on investments in 2016
Sixty-five of the 66 DuPage County police and fire pension funds paid out a total of $132,496,530 in benefits to 2,355 retirees and inactive recipients in 2016 while losing $7,568,241 on their investments, according to a DuPage Policy Journal analysis of the funds' mandated financial filings with the Illinois Department of Insurance.