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Friday, November 22, 2024

Rankings: 10 best funded pensions in North Suburbs

Money272

Barrington, Inverness and Bartlett have government pension funds with the highest funding levels in North Suburbs, according to the Illinois Department of Insurance.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

North Suburbs' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Barrington Firefighters Pension Fund
Barrington
Cook County
89.67
2
PALATINE RURAL FPD FIREFIGHTERS PENSION FUND
Inverness
Cook County
82.42
3
Bartlett Police Pension Fund
Bartlett
Cook County
80.52
4
Arlington Heights Police Fund
Arlington Heights
Cook County
79.37
5
Streamwood Firefighters Pension Fund
Streamwood
Cook County
79.07
6
Glenview Police Pension Fund
Glenview
Cook County
79.05
7
Buffalo Grove Firefighters Pension Fund
Buffalo Grove
Cook County
78.05
8
Winnetka Police Pension Fund
Winnetka
Cook County
75.29
9
PROSPECT HEIGHTS FPD FIREFIGHTERS PENSION FUND
Prospect Heights
Cook County
73.89
10
Streamwood Police Pension Fund
Streamwood
Cook County
73.58

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