Palos Heights Fire Department Pension Fund
Recent News About Palos Heights Fire Department Pension Fund
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Report: Palos Heights FPD Pension Fund lost $466,492 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Palos Heights FPD Pension Fund lost 4.7 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Palos Heights pays $2.10 for every $1 pensioners contribute to Palos Heights FPD Pension Fund
Taxpayers contributed 67.6 percent of the $610,866 the Palos Heights FPD Pension Fund brought in 2018, or $2.10 for every $1 from pension members.
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Report: 64.6% of Palos Heights FPD Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 64.6 percent of the Palos Heights FPD Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Palos Heights FPD Pension Fund would go bankrupt in 11 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Palos Heights FPD Pension Fund would have lost $1,048,287 in 2018, 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: Average pensioner in Palos Heights FPD Pension Fund earns $85,166 per year
The Palos Heights FPD Pension Fund had 22 active participants receiving an average salary of $85,166 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Palos Heights pays $2.61 for every $1 pensioners contribute to Palos Heights Fpd Pension Fund
Taxpayers contributed 72.5 percent of the $641,635 the Palos Heights Fpd Pension Fund brought in last year, or $2.61 for every $1 from pension members.
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Report: 65.5% of Palos Heights Fpd Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 65.5 percent of the Palos Heights Fpd Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: These 20 South Suburbs pension funds would go bankrupt fastest without subsidies
Pension funds in Palos Heights, Burbank and La Grange would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.
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Analysis: These 200 Illinois pension funds would go bankrupt fastest without subsidies
Pension funds in Palos Heights, Burbank and La Grange would go bankrupt first without subsidies from taxpayers and members, according to an analysis of data reported to the Illinois Department of Insurance.