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.
Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which North Suburbs pension funds are self-sustaining?
| Fund | City | Total Non-Subsidy Revenue | Total Expenses | Total Annual Loss without Subsidy | Years Until Assets Spent |
| Buffalo Grove Police Pension Fund | Buffalo Grove | $3,418,114 | $3,327,511 | $90,603 | 658.53 |
| Palatine Police Pension Fund | Palatine | $4,490,209 | $4,235,751 | $254,458 | 264.80 |
| Winnetka Firefighters Pension Fund | Winnetka | $1,933,212 | $1,816,887 | $116,325 | 222.93 |
| Arlington Heights Firefighters Pension Fund | Arlington Heights | $6,914,634 | $6,284,079 | $630,555 | 155.13 |
| Winnetka Police Pension Fund | Winnetka | $2,153,834 | $1,888,549 | $265,285 | 106.13 |
| Hanover Park Firefighters Pension Fund | Hanover Park | $1,308,890 | $1,112,264 | $196,626 | 87.54 |
| Streamwood Police Pension Fund | Streamwood | $3,044,001 | $2,461,572 | $582,429 | 76.06 |
| Hoffman Estates Police Pension Fund | Schaumburg | $6,063,203 | $4,860,611 | $1,202,592 | 59.28 |
| Barrington Firefighters Pension Fund | Barrington | $888,626 | $585,778 | $302,848 | 51.99 |
| Buffalo Grove Firefighters Pension Fund | Buffalo Grove | $3,415,512 | $2,267,694 | $1,147,818 | 47.23 |
| Palatine Rural FPD Firefighters Pension Fund | Inverness | $750,321 | $385,919 | $364,402 | 31.75 |
| Bartlett FPD Firefighters Pension Fund | Bartlett | $1,250,136 | $401,471 | $848,665 | 19.01 |
ORGANIZATIONS IN THIS STORY
Palatine Police Pension Fund• Niles Police Pension Fund• Hoffman Estates Police Pension Fund• Winnetka Firefighters Pension Fund• Arlington Heights Firefighters Pension Fund• Palatine Rural Fire Protection District• Harwood Heights Police Pension Fund• Skokie Police Pension Fund• Schaumburg Firefighters Pension Fund• Winnetka Police Pension Fund• Norwood Park Fire Protection District Firefighters Pension Fund• Skokie Firefighters Pension Fund• Streamwood Police Pension Fund• Niles Firefighters Pension Fund• Norridge Police Pension Fund• Buffalo Grove Firefighters Pension Fund• Barrington Firefighters Pension Fund• Bartlett Fire Protection District Firefighters Pension Fund• Hanover Park Firefighters Pension Fund• Buffalo Grove Police Pension Fund
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