Analysis: These 3 DuPage County pension funds sustain themselves without subsidies
Pension funds in West Chicago and Naperville could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which DuPage County pension funds are self-sustaining?
|Fund||City||Total Non-Subsidy Revenue||Total Expenses||Total Annual Loss without Subsidy||Years Until Assets Spent|
|West Chicago Police Pension Fund||West Chicago||$1,820,172||$1,767,528||$52,644||493.88|
|Naperville Firefighters Pension Fund||Naperville||$11,586,943||$6,547,487||$5,039,456||30.29|
|Naperville Police Pension Fund||Naperville||$11,562,095||$6,440,825||$5,121,270||29.72|
Organizations in this Story
Addison Firefighters Pension Fund • Addison Police Pension Fund • Bensenville Firefighters Pension Fund • Bloomingdale Fire Protection District Firefighters Pension Fund • Carol Stream Fire Protection District Firefighters Pension Fund • Darien Police Pension Fund • Darien Woodridge Fire Protection District Firefighters Pension Fund • Glenside Fire Protection District Firefighters Pension Fund • Hinsdale Firefighters Pension Fund • Itasca Police Pension Fund • Naperville Firefighters Pension Fund • Naperville Police Pension Fund • Villa Park Firefighters Pension Fund • Villa Park Police Pension Fund • West Chicago Police Pension Fund • Westmont Police Pension Fund • Wheaton Firefighters Pension Fund • Wheaton Police Pension Fund • Wood Dale Fire Department Firefighters Pension Fund • Wood Dale Police Pension Fund