Alsip Firefighters Pension Fund
Recent News About Alsip Firefighters Pension Fund View More
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Report: Alsip Firefighters Pension Fund gained $5,495 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Alsip Firefighters Pension Fund lost 0.40 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 Alsip Firefighters Pension Fund earns $84,886 per year
The Alsip Firefighters Pension Fund had 35 active participants receiving an average salary of $84,886 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Alsip pays $4.92 for every $1 pensioners contribute to Alsip Firefighters Pension Fund
Taxpayers contributed 83.1 percent of the $1,854,992 the Alsip Firefighters Pension Fund brought in last year, or $4.92 for every $1 from pension members.
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Analysis: Alsip Firefighters Pension Fund would go broke in 12 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Alsip Firefighters Pension Fund lost $1,990,816 in 2016, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 56.9% of Alsip Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.9 percent of the Alsip 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: South Cook County fire, police pension funds paid $100 million, lost $5 million on investments in 2016
Seventy-five of South Cook County’s 80 police and fire pension funds paid out a total of $100.2 million in benefits to 1,979 retirees and inactive recipients in 2016 while losing $5,109,268 on their investments, according to a South Cook News analysis of the funds' mandated financial filings with the Illinois Department of Insurance.