Northlake Fpd Firefighters Pension Fund
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Recent News About Northlake Fpd Firefighters Pension Fund View More
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Report: Northlake FPD Firefighters Pension Fund lost $318,722 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Northlake FPD Firefighters Pension Fund lost 2.5 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Northlake FPD Firefighters Pension Fund would go bankrupt in 12 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Northlake FPD Firefighters Pension Fund would have lost $1,189,321 in 2018, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Northlake pays $4.65 for every $1 pensioners contribute to Northlake FPD Firefighters Pension Fund
Taxpayers contributed 83.1 percent of the $843,958 the Northlake FPD Firefighters Pension Fund brought in 2018, or $4.65 for every $1 from pension members.
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Report: 77% of Northlake FPD Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 77 percent of the Northlake FPD Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.