Blue Island Firefighters Pension Fund
Recent News About Blue Island Firefighters Pension Fund
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Analysis: Blue Island pays $7.04 for every $1 pensioners contribute to Blue Island Firefighters Pension Fund
Taxpayers contributed 87.6 percent of the $1,262,036 the Blue Island Firefighters Pension Fund brought in 2018, or $7.04 for every $1 from pension members.
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Report: 17.3% of Blue Island Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 17.3 percent of the Blue Island Firefighters Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Blue Island Firefighters Pension Fund gained $278,047 in investment income in 2016
After projecting its investments would grow by 6.00 percent, the Blue Island Firefighters Pension Fund netted 5.32 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 Blue Island Firefighters Pension Fund earns $64,397 per year
The Blue Island Firefighters Pension Fund had 25 active participants receiving an average salary of $64,397 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Blue Island pays $5.44 for every $1 pensioners contribute to Blue Island Firefighters Pension Fund
Taxpayers contributed 84.5 percent of the $978,149 the Blue Island Firefighters Pension Fund brought in last year, or $5.44 for every $1 from pension members.
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Analysis: Blue Island Firefighters Pension Fund would go broke in five years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Blue Island Firefighters Pension Fund lost $1,023,362 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: 22.6% of Blue Island Firefighters Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 22.6 percent of the Blue Island Firefighters Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Rankings: 10 worst funded pensions in South Suburbs
South Chicago Heights, Sauk Village and Evergreen Park have government pension funds with the lowest funding levels in South Suburbs, according to the Illinois Department of Insurance.
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Rankings: 100 worst funded pensions in Illinois
South Chicago Heights, Sauk Village and Evergreen Park have government pension funds with the lowest funding levels in Illinois, according to the Illinois Department of Insurance.
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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.