Hanover Park Firefighters Pension Fund
Recent News About Hanover Park Firefighters Pension Fund
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Report: Hanover Park Firefighters Pension Fund lost $1,454,057 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Hanover Park Firefighters Pension Fund lost 8.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Hanover Park Firefighters Pension Fund would go bankrupt in seven years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Hanover Park Firefighters Pension Fund would have lost $2,938,329 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: Hanover Park pays $4.87 for every $1 pensioners contribute to Hanover Park Firefighters Pension Fund
Taxpayers contributed 82.8 percent of the $1,844,426 the Hanover Park Firefighters Pension Fund brought in 2018, or $4.87 for every $1 from pension members.
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Report: 58.8% of Hanover Park Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58.8 percent of the Hanover Park Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Hanover Park Firefighters Pension Fund gained $1,331,888 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Hanover Park Firefighters Pension Fund netted 7.57 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 Hanover Park Firefighters Pension Fund earns $86,555 per year
The Hanover Park Firefighters Pension Fund had 36 active participants receiving an average salary of $86,555 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Hanover Park pays $4.16 for every $1 pensioners contribute to Hanover Park Firefighters Pension Fund
Taxpayers contributed 80.2 percent of the $1,522,156 the Hanover Park Firefighters Pension Fund brought in last year, or $4.16 for every $1 from pension members.
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Report: 62.4% of Hanover Park Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 62.4 percent of the Hanover Park Firefighters 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 Buffalo Grove, Palatine and Winnetka could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported 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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Hanover Park Firefighters’ Pension Fund Board of Trustees met April 27.
Hanover Park Firefighters’ Pension Fund Board of Trustees met at 9 a.m. Thursday, April 27.