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Analysis: These Illinois pension funds sustain themselves without subsidies

Local Government

By Local Labs News Service | Apr 18, 2018

Pension funds in DeKalb, Buffalo Grove and West Chicago 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 Illinois pension funds are self-sustaining?

Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Dekalb Police Pension Fund
DeKalb
$1,516,374
$1,469,547
$46,827
665.05
2
Buffalo Grove Police Pension Fund
Buffalo Grove
$3,418,114
$3,327,511
$90,603
658.53
3
West Chicago Police Pension Fund
West Chicago
$1,820,172
$1,767,528
$52,644
493.88
4
Fosterburg FPD Firefighters Pension Fund
Alton
$31,564
$28,391
$3,173
454.08
5
Peotone FPD Firefighters Pension Fund
Peotone
$14,176
$9,703
$4,473
324.83
6
Sugar Grove FPD Firefighter's Pension Fund
Sugar Grove
$54,062
$44,411
$9,651
312.79
7
Palatine Police Pension Fund
Palatine
$4,490,209
$4,235,751
$254,458
264.80
8
East Moline Firefighters Pension Fund
Moline
$1,785,272
$1,685,581
$99,691
225.63
9
Winnetka Firefighters Pension Fund
Winnetka
$1,933,212
$1,816,887
$116,325
222.93
10
Carpentersville Firefighters Pension Fund
Carpentersville
$1,126,736
$1,031,770
$94,966
213.12
11
Lake Zurich Firefighters Pension Fund
Lake Zurich
$750,015
$613,610
$136,405
213.01
12
Chicago Ridge Firefighters Pension Fund
Chicago Ridge
$832,350
$773,775
$58,575
191.25
13
Batavia Firefighters Pension Fund
Batavia
$836,542
$739,509
$97,033
158.61
14
Arlington Heights Firefighters Pension Fund
Arlington Heights
$6,914,634
$6,284,079
$630,555
155.13
15
Northlake FPD Firefighters Pension Fund
Northlake
$937,733
$832,640
$105,093
126.50
16
Decatur Police Pension Fund
Decatur
$8,076,847
$7,161,638
$915,209
107.51
17
Winnetka Police Pension Fund
Winnetka
$2,153,834
$1,888,549
$265,285
106.13
18
Hanover Park Firefighters Pension Fund
Hanover Park
$1,308,890
$1,112,264
$196,626
87.54
19
New Lenox FPD Firefighters Pension Fund
New Lenox
$160,533
$114,764
$45,769
81.26
20
Mokena FPD Firefighters Pension Fund
Mokena
$310,499
$165,139
$145,360
78.16
21
Streamwood Police Pension Fund
Streamwood
$3,044,001
$2,461,572
$582,429
76.06
22
Lake In The Hills Police Pension Fund
Lake in the Hills
$1,386,255
$1,029,692
$356,563
70.72
23
Lincolnshire Police Pension Fund
Lincolnshire
$1,306,879
$1,008,523
$298,356
68.29
24
Hoffman Estates Police Pension Fund
Schaumburg
$6,063,203
$4,860,611
$1,202,592
59.28
25
Hawthorn Woods Police Pension Fund
Lake Zurich
$146,634
$92,036
$54,598
58.67
26
Barrington Firefighters Pension Fund
Barrington
$888,626
$585,778
$302,848
51.99
27
Buffalo Grove Firefighters Pension Fund
Buffalo Grove
$3,415,512
$2,267,694
$1,147,818
47.23
28
Long Grove Firefighters Pension Fund
Long Grove
$385,007
$183,778
$201,229
45.22
29
Lemont FPD Firefighters Pension Fund
Lemont
$1,431,989
$673,606
$758,383
33.91
30
Minooka FPD Firefighters Pension Fund
Minooka
$168,366
$52,360
$116,006
33.49
31
Palatine Rural FPD Firefighters Pension Fund
Inverness
$750,321
$385,919
$364,402
31.75
32
Orland Park Police Pension Fund
Orland Park
$5,984,776
$3,401,851
$2,582,925
30.49
33
Naperville Firefighters Pension Fund
Naperville
$11,586,943
$6,547,487
$5,039,456
30.29
34
Naperville Police Pension Fund
Naperville
$11,562,095
$6,440,825
$5,121,270
29.72
35
Orland FPD Firefighters Pension Fund
Orland Park
$10,399,975
$4,097,492
$6,302,483
22.50
36
Plainfield FPD Firefighters Pension Fund
Plainfield
$1,071,725
$129,682
$942,043
19.48
37
Bartlett FPD Firefighters Pension Fund
Bartlett
$1,250,136
$401,471
$848,665
19.01

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Illinois Department of Insurance

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