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 West 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
Berwyn Police Pension Fund
Berwyn
$4,388,788
$4,818,926
-$430,138
0
2
Brookfield Firefighters Pension Fund
Brookfield
$825,674
$953,860
-$128,186
0
3
Hodgkins Police Pension Fund
Hodgkins
$681,617
$935,895
-$254,278
0
4
Berwyn Firefighters Pension Fund
Berwyn
$3,322,184
$4,569,241
-$1,247,057
0
5
Bellwood Firefighters Pension Fund
Bellwood
$1,408,111
$1,994,771
-$586,660
0
6
Oak Park Police Pension Fund
Oak Park
$4,936,807
$7,444,641
-$2,507,834
0
7
Northlake Police Pension Fund
Northlake
$698,657
$1,267,659
-$569,002
0
8
Bellwood Police Pension Fund
Bellwood
$1,348,647
$2,447,418
-$1,098,771
0
9
Cicero Police Pension Fund
Cicero
$2,877,033
$5,887,564
-$3,010,531
0
10
Brookfield Police Pension Fund
Brookfield
$823,128
$1,638,710
-$815,582
0
11
Forest Park Police Pension Fund
Forest Park
$478,550
$1,761,589
-$1,283,039
0
12
Oak Park Firefighters Pension Fund
Oak Park
$3,495,154
$6,305,279
-$2,810,125
0
13
Broadview Police Pension Fund
Broadview
$229,155
$2,010,276
-$1,781,121
0
14
Westchester Firefighters Pension Fund
Westchester
-$260,955
$1,457,002
-$1,717,957
0
15
Hillside Police Pension Fund
Hillside
$163,853
$1,642,288
-$1,478,435
0
16
Berkeley Police Pension Fund
Berkeley
$24,494
$707,635
-$683,141
0
17
Franklin Park Police Pension Fund
Franklin Park
$308,448
$2,481,636
-$2,173,188
0
18
Riverside Police Pension Fund
Riverside
$328,352
$1,117,544
-$789,192
0
19
Franklin Park Firefighters Pension Fund
Franklin Park
$114,622
$2,578,618
-$2,463,996
0
20
Westchester Police Pension Fund
Westchester
-$364,914
$2,089,712
-$2,454,626
0
ORGANIZATIONS IN THIS STORY
Bellwood Police Pension Fund• Franklin Park Firefighters Pension Fund• Hillside Police Pension Fund• Oak Park Firefighters Pension Fund• Bellwood Firefighters Pension Fund• Berkeley Police Pension Fund• Oak Park Police Pension Fund• Brookfield Police Pension Fund• Riverside Police Pension Fund• Forest Park Police Pension Fund• Franklin Park Police Pension Fund• Broadview Police Pension Fund• Westchester Police Pension Fund• Westchester Firefighters Pension Fund• Hodgkins Police Pension Fund• Northlake Police Pension Fund• Cicero Police Pension Fund• Berwyn Police Pension Fund• Berwyn Firefighters Pension Fund• Brookfield Firefighters Pension Fund
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