Dupage Policy Journal

Dupage Policy Journal

Thursday, November 14, 2019

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

Local Government

By Local Labs News Service | Apr 13, 2018

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

Want to get notified whenever we write about any of these organizations ?

Sign-up Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Addison Firefighters Pension FundAddison Police Pension FundBensenville Firefighters Pension FundHinsdale Firefighters Pension FundDarien Police Pension FundVilla Park Firefighters Pension FundVilla Park Police Pension FundItasca Police Pension FundWestmont Police Pension FundWest Chicago Police Pension FundWheaton Firefighters Pension FundWheaton Police Pension FundNaperville Firefighters Pension FundNaperville Police Pension FundWood Dale Fire Department Firefighters Pension FundWood Dale Police Pension FundBloomingdale Fire Protection District Firefighters Pension FundCarol Stream Fire Protection District Firefighters Pension FundDarien Woodridge Fire Protection District Firefighters Pension FundGlenside Fire Protection District Firefighters Pension Fund

More News