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Kane County Reporter

Tuesday, April 8, 2025

Analysis: West Dundee Firefighters Pension Fund would go broke in 16 years without taxpayer subsidy

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Without members and taxpayers subsidizing its revenue, West Dundee Firefighters Pension Fund lost $406,010 in 2016, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $6,135,056 in total assets. If the funds annual losses were the same, it would run out of money in 16 years without these subsidies.

The fund lost $53,349 in investment income and other revenue in 2016. At the same time, it paid out $352,661 in expenses, according to the 2017 biennial report detailing the health of each of the states pension funds and retirement systems. The difference between the two shows the funds annual loss without subsidies.

Taxpayers added $313,207 to the funds revenue last year – an amount that has increased from $206,347 five years ago. Members contributed an additional $62,959 – $10,885 less than five years ago.

In all, subsidies amounted to $376,166 in 2016.

West Dundee Firefighters Pension Fund non-subsidy revenue over five years
YearTotal non-subsidy revenueTotal expensesOutcome without subsidies
2016-$53,349$352,661-$406,010
2015$360,395$350,934$9,461
2014$484,605$279,208$205,397
2013$418,440$271,305$147,135
2012$105,835$283,570-$177,735

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