Norwood Park Fpd Firefighters Pension Fund
Recent News About Norwood Park Fpd Firefighters Pension Fund
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Report: Norwood Park FPD Firefighters Pension Fund gained $828,858 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Norwood Park FPD Firefighters Pension Fund netted 4.9 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Norwood Park FPD Firefighters Pension Fund would go bankrupt in 18 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Norwood Park FPD Firefighters Pension Fund would have lost $915,601 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: Harwood Heights pays $7.40 for every $1 pensioners contribute to Norwood Park FPD Firefighters Pension Fund
Taxpayers contributed 88 percent of the $1,694,882 the Norwood Park FPD Firefighters Pension Fund brought in 2018, or $7.40 for every $1 from pension members.
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Report: 48.7% of Norwood Park FPD Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 48.7 percent of the Norwood Park FPD Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.