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Kane County Reporter

Monday, December 23, 2024

Analysis: Campton Hills Police Pension Fund would go bankrupt in 7367 years without taxpayer subsidy

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Without members and taxpayers subsidizing its revenue, the Campton Hills Police Pension Fund would have lost $280 in 2018, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

The fund has $2,062,599 in total assets. If the fund’s annual losses stay the same, it would run out of money in 7367 years without these subsidies.

The fund earned $7,230 in investment income and other revenue in 2018. At the same time, it paid out $7,510 in expenses, according to the 2019 biennial report detailing the health of each of the state’s pension funds and retirement systems. The difference between the two shows the fund’s annual loss without subsidies.

Taxpayers added $234,000 to the fund’s revenue last year – an amount that has increased from $132,157 five years ago. Members contributed an additional $40,036 – $8,122 more than five years ago.

In all, subsidies amounted to $274,036 in 2018.

Campton Hills Police Pension Fund non-subsidy revenue over five years
YearTotal non-subsidy revenueTotal expensesOutcome without subsidies
2018$7,230$7,510-$280
2017$12,779$826$11,953
2016$13,682$6,047$7,635
2015$24,079$2,465$21,614
2014$6,022$963$5,059

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