Elgin Firefighters Pension Fund
Recent News About Elgin Firefighters Pension Fund
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Report: Elgin Firefighters Pension Fund lost $4,068,715 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Elgin Firefighters Pension Fund lost 5.2 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Elgin Firefighters Pension Fund would go bankrupt in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Elgin Firefighters Pension Fund would have lost $11,466,169 in 2018, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Elgin pays $4.88 for every $1 pensioners contribute to Elgin Firefighters Pension Fund
Taxpayers contributed 82.9 percent of the $7,470,104 the Elgin Firefighters Pension Fund brought in 2018, or $4.88 for every $1 from pension members.
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Report: 48.8% of Elgin Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 48.8 percent of the Elgin Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Elgin Firefighters Pension Fund gained $4,819,565 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Elgin Firefighters Pension Fund netted 6.29 percent on its investments in 2016, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: Average pensioner in Elgin Firefighters Pension Fund earns $99,203 per year
The Elgin Firefighters Pension Fund had 132 active participants receiving an average salary of $99,203 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Elgin pays $4.37 for every $1 pensioners contribute to Elgin Firefighters Pension Fund
Taxpayers contributed 81.1 percent of the $7,183,848 the Elgin Firefighters Pension Fund brought in last year, or $4.37 for every $1 from pension members.
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Report: 49% of Elgin Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 49 percent of the Elgin Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: These 3 Kane County pension funds sustain themselves without subsidies
Pension funds in Sugar Grove, Carpentersville and Batavia could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Analysis: Which Kane County pension funds would go bankrupt fastest without subsidies?
Pension funds in Elgin, Aurora and Batavia would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Analysis: These 200 Illinois pension funds would go bankrupt fastest without subsidies
Pension funds in Elgin, Aurora and Batavia would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Kane County pension funds: Where do taxpayers contribute most?
Government pension funds in Aurora, Elgin and Carpentersville depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Illinois pension funds: Where do taxpayers contribute most?
Government pension funds in Aurora, Elgin and Carpentersville depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Kane County
Elburn, Sugar Grove and Hampshire have government pension funds with the lowest funding levels in Kane County, according to the Illinois Department of Insurance.
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[CORRECTION] Analysis: Kane County fire, police pension funds paid out $53 million, made $2 million on investments in 2016
Thirty-four of the 35 Kane County police and fire pension funds paid out a total of $53,761,339 in benefits to 966 retirees and inactive recipients in 2016 while gaining $2,148,587 on their investments, according to a Kane County Reporter analysis of the funds' mandated financial filings with the Illinois Department of Insurance.