Steger Police Pension Fund
Recent News About Steger Police Pension Fund
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Report: Steger Police Pension Fund lost $308,497 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Steger Police Pension Fund lost 6.1 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Steger pays $2.94 for every $1 pensioners contribute to Steger Police Pension Fund
Taxpayers contributed 73.5 percent of the $445,695 the Steger Police Pension Fund brought in 2018, or $2.94 for every $1 from pension members.
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Report: 56.8% of Steger Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 56.8 percent of the Steger Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Steger Police Pension Fund would go bankrupt in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Steger Police Pension Fund would have lost $736,941 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: Steger Police Pension Fund gained $175,603 in investment income in 2016
After projecting its investments would grow by 6.50 percent, the Steger Police Pension Fund netted 2.89 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 Steger Police Pension Fund earns $69,383 per year
The Steger Police Pension Fund had 15 active participants receiving an average salary of $69,383 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Steger pays $2.33 for every $1 pensioners contribute to Steger Police Pension Fund
Taxpayers contributed 70.8 percent of the $388,155 the Steger Police Pension Fund brought in last year, or $2.33 for every $1 from pension members.
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Report: 66.7% of Steger Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 66.7 percent of the Steger Police 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.