Elgin Police Pension Fund
Recent News About Elgin Police Pension Fund
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Report: Elgin Police Pension Fund lost $4,794,990 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Elgin Police Pension Fund lost 4.4 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Elgin Police Pension Fund would go bankrupt in nine years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Elgin Police Pension Fund would have lost $14,025,258 in 2018, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Elgin pays $4.44 for every $1 pensioners contribute to Elgin Police Pension Fund
Taxpayers contributed 81.2 percent of the $10,593,723 the Elgin Police Pension Fund brought in 2018, or $4.44 for every $1 from pension members.
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Report: 49.6% of Elgin Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 49.6 percent of the Elgin Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Elgin Police Pension Fund gained $7,963,786 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Elgin Police Pension Fund netted 7.72 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Elgin Police Pension Fund earns $99,777 per year
The Elgin Police Pension Fund had 182 active participants receiving an average salary of $99,777 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Elgin pays $4.40 for every $1 pensioners contribute to Elgin Police Pension Fund
Taxpayers contributed 81.6 percent of the $9,798,249 the Elgin Police Pension Fund brought in last year, or $4.40 for every $1 from pension members.
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Report: 49.2% of Elgin Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 49.2 percent of the Elgin Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: These 20 North Suburbs pension funds would go bankrupt fastest without subsidies
Pension funds in Hanover Park, Glenview and Elgin would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Analysis: These 200 Illinois pension funds would go bankrupt fastest without subsidies
Pension funds in Hanover Park, Glenview and Elgin would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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North Suburbs pension funds: Where do taxpayers contribute most?
Government pension funds in Evanston, Elgin and Arlington Heights depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Illinois pension funds: Where do taxpayers contribute most?
Government pension funds in Evanston, Elgin and Arlington Heights depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in North Suburbs
Glencoe, Niles and Rolling Meadows have government pension funds with the lowest funding levels in North Suburbs, according to the Illinois Department of Insurance.
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Analysis: North Cook County fire, police pension funds paid $195 million, lost $5 million on investments in 2016
North Cook County’s 61 police and fire pension funds paid out a total of $195,281,518 in benefits to 3,465 retirees and inactive recipients in 2016 while losing $5,495,345 on their investments, according to a North Cook News analysis of the funds' mandated financial filings with the Illinois Department of Insurance.
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Report: Elgin police earned $156K on average in 2014
In 2014, the average Elgin police officer earned $95,584 in salary and an additional $60,682 in taxpayer-funded pension contribution for a total of $156,266 in compensation, according to a report published by the Illinois Department of Insurance.