Blue Island Police Pension Fund
Recent News About Blue Island Police Pension Fund
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Analysis: Blue Island pays $6.49 for every $1 pensioners contribute to Blue Island Police Pension Fund
Taxpayers contributed 86.4 percent of the $2,058,512 the Blue Island Police Pension Fund brought in 2018, or $6.49 for every $1 from pension members.
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Report: 28.6% of Blue Island Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 28.6 percent of the Blue Island Police 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 Police Pension Fund gained $576,363 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Blue Island Police Pension Fund netted 5.23 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 Police Pension Fund earns $77,310 per year
The Blue Island Police Pension Fund had 35 active participants receiving an average salary of $77,310 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Blue Island pays $5.43 for every $1 pensioners contribute to Blue Island Police Pension Fund
Taxpayers contributed 84.5 percent of the $1,716,752 the Blue Island Police Pension Fund brought in last year, or $5.43 for every $1 from pension members.
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Analysis: Blue Island Police Pension Fund would go broke in nine years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Blue Island Police Pension Fund lost $1,189,635 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: 30.4% of Blue Island Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 30.4 percent of the Blue Island Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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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.