Quantcast

West Cook News

Friday, November 22, 2024

Rankings: 10 best funded pensions in West Suburbs

Shutterstock 121161052

Western Springs, Northlake and Berwyn have government pension funds with the highest funding levels in West 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?

West Suburbs' healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Western Springs Firefighters Pension Fund
Western Springs
Cook County
110.81
2
NORTHLAKE FPD FIREFIGHTERS PENSION FUND
Northlake
Cook County
79.78
3
Berwyn Police Pension Fund
Berwyn
Cook County
70.92
4
Brookfield Firefighters Pension Fund
Brookfield
Cook County
67.92
5
Broadview Police Pension Fund
Broadview
Cook County
67.65
6
Westchester Firefighters Pension Fund
Westchester
Cook County
67.04
7
Bellwood Firefighters Pension Fund
Bellwood
Cook County
62.85
8
Westchester Police Pension Fund
Westchester
Cook County
62.71
9
Bellwood Police Pension Fund
Bellwood
Cook County
61.61
10
Oak Park Police Pension Fund
Oak Park
Cook County
60.25

MORE NEWS