Dupage Policy Journal

Dupage Policy Journal

Wednesday, November 13, 2019

Report: 70.4% of Warrenville Fpd Firefighters Pension Fund is funded

Local Government

By Local Labs News Service | May 4, 2018

Shutterstock 233512279

With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 70.4 percent of the Warrenville Fpd Firefighters 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 Warrenville Fpd Firefighters Pension Fund's liabilities was $5,671,519 at the end of 2016, while its value of assets was $3,993,912 a difference of $1,677,607.

The fund's actuarial funding position has gotten worse over the past five years. In 2016, 70.4 percent of the fund was funded. Five years ago, 75.9 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.

Warrenville Fpd Firefighters Pension Fund health over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Actuarial value of assets
$2,802,709
$3,112,177
$3,390,692
$3,750,820
$3,993,912
42.5%
Actuarial value of liabilities
$3,691,618
$4,157,325
$4,672,572
$4,950,865
$5,671,519
53.6%
Actuarial funding position
-$888,909
-$1,045,148
-$1,281,880
-$1,200,045
-$1,677,607
-88.7%
Actuarial funding percent
75.9%
74.9%
72.6%
75.8%
70.4%
-5.5%

Want to get notified whenever we write about Warrenville Fire Department Firefighters Pension Fund ?

Sign-up Next time we write about Warrenville Fire Department Firefighters Pension Fund, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Warrenville Fire Department Firefighters Pension Fund

More News