Schaumburg Police Pension Fund
Recent News About Schaumburg Police Pension Fund
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Report: Schaumburg Police Pension Fund gained $7,382,434 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Schaumburg Police Pension Fund netted 6.3 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Schaumburg Police Pension Fund would go bankrupt in 101 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Schaumburg Police Pension Fund would have lost $1,147,741 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: Schaumburg pays $4.86 for every $1 pensioners contribute to Schaumburg Police Pension Fund
Taxpayers contributed 82.9 percent of the $6,596,378 the Schaumburg Police Pension Fund brought in 2018, or $4.86 for every $1 from pension members.
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Report: 58% of Schaumburg Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 58 percent of the Schaumburg Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Schaumburg Police Pension Fund lost $1,077,260 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Schaumburg Police Pension Fund lost 1.25 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 Schaumburg Police Pension Fund earns $96,844 per year
The Schaumburg Police Pension Fund had 107 active participants receiving an average salary of $96,844 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Schaumburg pays $3.50 for every $1 pensioners contribute to Schaumburg Police Pension Fund
Taxpayers contributed 77.8 percent of the $5,837,338 the Schaumburg Police Pension Fund brought in last year, or $3.50 for every $1 from pension members.
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Analysis: Schaumburg Police Pension Fund would go broke in 12 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Schaumburg Police Pension Fund lost $8,391,521 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: 60.3% of Schaumburg Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 60.3 percent of the Schaumburg Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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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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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.