Niles Firefighters Pension Fund
Recent News About Niles Firefighters Pension Fund
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Report: Niles Firefighters Pension Fund gained $2,180,763 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Niles Firefighters Pension Fund netted 6.6 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Niles Firefighters Pension Fund would go bankrupt in 17 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Niles Firefighters Pension Fund would have lost $1,976,461 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: Niles pays $7.12 for every $1 pensioners contribute to Niles Firefighters Pension Fund
Taxpayers contributed 87.5 percent of the $4,032,224 the Niles Firefighters Pension Fund brought in 2018, or $7.12 for every $1 from pension members.
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Report: 38.7% of Niles Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 38.7 percent of the Niles Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Niles Firefighters Pension Fund gained $182,550 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Niles Firefighters Pension Fund netted 0.50 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 Niles Firefighters Pension Fund earns $101,492 per year
The Niles Firefighters Pension Fund had 47 active participants receiving an average salary of $101,492 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Niles pays $5.30 for every $1 pensioners contribute to Niles Firefighters Pension Fund
Taxpayers contributed 84.1 percent of the $3,227,034 the Niles Firefighters Pension Fund brought in last year, or $5.30 for every $1 from pension members.
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Analysis: Niles Firefighters Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Niles Firefighters Pension Fund lost $3,552,242 in 2016, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 41.8% of Niles Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 41.8 percent of the Niles 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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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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Rankings: 100 worst funded pensions in Illinois
Glencoe and Niles have government pension funds with the lowest funding levels in Illinois, according to the Illinois Department of Insurance.