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 will go bankrupt first?
Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Hanover Park Police Pension Fund
Hanover Park
$2,266,438
$2,275,437
-$8,999
0
2
Glenview Police Pension Fund
Glenview
$3,937,693
$3,998,765
-$61,072
0
3
Elgin Police Pension Fund
Elgin
$7,710,835
$7,856,036
-$145,201
0
4
Hoffman Estates Firefighters Pension Fund
Schaumburg
$3,899,334
$4,143,992
-$244,658
0
5
Palatine Firefighters Pension Fund
Palatine
$4,225,404
$4,526,076
-$300,672
0
6
Wheeling Police Pension Fund
Wheeling
$2,445,984
$2,699,035
-$253,051
0
7
Glenview Firefighters Pension Fund
Glenview
$4,765,958
$5,695,322
-$929,364
0
8
Barrington Hills Police Pension Fund
Barrington
$335,609
$465,163
-$129,554
0
9
Wheeling Firefighters Pension Fund
Wheeling
$2,215,038
$2,881,562
-$666,524
0
10
Morton Grove Firefighters Pension Fund
Morton Grove
$2,091,841
$2,791,789
-$699,948
0
11
Rolling Meadows Police Pension Fund
Rolling Meadows
$2,381,161
$3,275,380
-$894,219
0
12
North Maine FPD Firefighters Pension Fund
Des Plaines
$839,332
$1,437,512
-$598,180
0
13
Bartlett Police Pension Fund
Bartlett
$267,430
$1,341,797
-$1,074,367
0
14
Evanston Police Pension Fund
Evanston
$7,544,857
$11,094,711
-$3,549,854
0
15
Des Plaines Firefighters' Pension Fund
Des Plaines
$4,601,921
$7,040,475
-$2,438,554
0
16
Prospect Heights Police Pension Fund
Prospect Heights
-$124,693
$353,254
-$477,947
0
17
Morton Grove Police Pension Fund
Morton Grove
$2,247,993
$3,465,251
-$1,217,258
0
18
Des Plaines Police Pension Fund
Des Plaines
$4,420,806
$7,323,304
-$2,902,498
0
19
Rolling Meadows Firefighters Pension Fund
Rolling Meadows
$2,011,866
$3,334,275
-$1,322,409
0
20
Barrington Police Pension Fund
Barrington
$1,076,222
$1,965,950
-$889,728
0
ORGANIZATIONS IN THIS STORY
Des Plaines Police Pension Fund• Rolling Meadows Firefighters Pension Fund• Rolling Meadows Police Pension Fund• Hoffman Estates Firefighters Pension Fund• Wheeling Police Pension Fund• Evanston Police Pension Fund• Morton Grove Police Pension Fund• Barrington Police Pension Fund• North Maine Fire Department Firefighters Pension Fund• Elgin Police Pension Fund• Prospect Heights Police Pension Fund• Glenview Police Pension Fund• Hanover Park Police Pension Fund• Des Plaines Firefighters' Pension Fund• Glenview Firefighters Pension Fund• Palatine Firefighters Pension Fund• Morton Grove Firefighters Pension Fund• Bartlett Police Pension Fund• Barrington Hills Police Pension Fund• Wheeling Firefighters Pension Fund
!RECEIVE ALERTS
The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
DONATE
Help support the Metric Media Foundation's mission to restore community based news.
Alerts Sign-up