Dupage Policy Journal

Dupage Policy Journal

Friday, December 6, 2019

Report: 80.3% of Hinsdale Police Pension Fund is funded

Local Government

By Local Labs News Service | Apr 24, 2018

Shutterstock 373239541

With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 80.3 percent of the Hinsdale Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.

The DOI biennial report shows the value of the Hinsdale Police Pension Fund's liabilities was $34,780,400 at the end of 2016, while its value of assets was $27,936,996 a difference of $6,843,404.

The fund's actuarial funding position has improved over the past five years. In 2016, 80.3 percent of the fund was funded. Five years ago, 75 percent was funded.

Combining the liabilities of all the funds, just 47.9 percent were funded in 2016, according to the report. Unfunded liabilities statewide totaled $185.2 billion in 2016.

Hinsdale Police Pension Fund health over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Actuarial value of assets
$21,073,184
$22,664,360
$24,376,297
$26,218,083
$27,936,996
32.6%
Actuarial value of liabilities
$28,101,313
$29,963,573
$31,650,581
$33,000,387
$34,780,400
23.8%
Actuarial funding position
-$7,028,129
-$7,299,213
-$7,274,284
-$6,782,304
-$6,843,404
2.6%
Actuarial funding percent
75%
75.6%
77%
79.5%
80.3%
5.3%

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Organizations in this Story

Hinsdale Police Pension Fund

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