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Kane County Reporter

Friday, November 22, 2024

Rankings: 10 worst funded pensions in Kane County

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Elburn, Sugar Grove and Hampshire have government pension funds with the lowest funding levels in Kane County, 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?

Kane County's unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Elburn Police Pension Fund
Elburn
Kane County
33.67
2
Sugar Grove Police Pension Fund
Sugar Grove
Kane County
41.85
3
Hampshire Police Pension Fund
Hampshire
Kane County
42.07
4
Elgin Firefighters Pension Fund
Elgin
Kane County
48.99
5
Elgin Police Pension Fund
Elgin
Kane County
49.24
6
Aurora Firefighters Pension Fund
Aurora
Kane County
54.56
7
Aurora Police Pension Fund
Aurora
Kane County
55.18
8
West Dundee Police Pension Fund
West Dundee
Kane County
55.51
9
Geneva Police Pension Fund
Geneva
Kane County
55.73
10
BURLINGTON COMMUNITY FPD FIREFIGHTERS' PENSION FUN
Hampshire
Kane County
56.55

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