Summit Police Pension Fund
Recent News About Summit Police Pension Fund
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Report: Summit Police Pension Fund lost $540,039 in investment income in 2018
After projecting its investments would grow by 5.8 percent, the Summit Police Pension Fund lost 6 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: 26.5% of Summit Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 26.5 percent of the Summit Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Summit pays $6.54 for every $1 pensioners contribute to Summit Police Pension Fund
Taxpayers contributed 86.7 percent of the $1,877,393 the Summit Police Pension Fund brought in 2018, or $6.54 for every $1 from pension members.
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Analysis: Summit Police Pension Fund would go bankrupt in five years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Summit Police Pension Fund would have lost $2,252,430 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: Summit Police Pension Fund gained $198,159 in investment income in 2016
After projecting its investments would grow by 6.50 percent, the Summit Police Pension Fund netted 2.04 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 Summit Police Pension Fund earns $79,808 per year
The Summit Police Pension Fund had 29 active participants receiving an average salary of $79,808 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Summit pays $5.17 for every $1 pensioners contribute to Summit Police Pension Fund
Taxpayers contributed 83.8 percent of the $1,413,207 the Summit Police Pension Fund brought in last year, or $5.17 for every $1 from pension members.
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Analysis: Summit Police Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Summit Police Pension Fund lost $1,150,518 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: 32.5% of Summit Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 32.5 percent of the Summit 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 4 South Suburban pension funds sustain themselves without subsidies
Pension funds in Chicago Ridge, Lemont and Orland Park could sustain themselves longest without subsidies from taxpayers and members, according to an analysis of data reported 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.