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Friday, November 22, 2024

Rankings: 10 worst funded pensions in West Suburbs

Money041

Chicago, Lyons and Stone Park have government pension funds with the lowest 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' unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
CENTRAL STICKNEY FPD FIREFIGHTERS PENSION FUND
Chicago
Cook County
0.00
2
Lyons Firefighters Pension Fund
Lyons
Cook County
0.05
3
Stone Park Police Pensionfund
Stone Park
Cook County
20.45
4
Melrose Park Firefighters Pension Fund
Maywood
Cook County
23.88
5
Forest View Police Pension Fund
Forest View
Cook County
27.57
6
Stickney Police Pension Fund
Berwyn
Cook County
31.24
7
River Grove Police Pension Fund
River Grove
Cook County
33.08
8
Maywood Police Pension Fund
Maywood
Cook County
33.75
9
Melrose Park Police Pension Fund
Melrose Park
Cook County
34.04
10
North Riverside Firefighters Pension Fund
North Riverside
Cook County
36.31

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