Quantcast

Dupage Policy Journal

Friday, November 22, 2024

Analysis: These 3 DuPage County pension funds sustain themselves without subsidies

Budget 08

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?

FundCityTotal Non-Subsidy RevenueTotal ExpensesTotal Annual Loss without SubsidyYears Until Assets Spent
West Chicago Police Pension Fund

West Chicago$1,820,172$1,767,528$52,644493.88

Naperville Firefighters Pension Fund

Naperville$11,586,943$6,547,487$5,039,45630.29

Naperville Police Pension Fund

Naperville$11,562,095$6,440,825$5,121,27029.72

MORE NEWS