Worth Police Pension Fund
Recent News About Worth Police Pension Fund
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Report: Worth Police Pension Fund gained $548,161 in investment income in 2018
After projecting its investments would grow by 6.3 percent, the Worth Police Pension Fund netted 4.8 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Report: 37.3% of Worth Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 37.3 percent of the Worth Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Worth Police Pension Fund would go bankrupt in 13 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Worth Police Pension Fund would have lost $877,494 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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Analysis: Worth pays $3.81 for every $1 pensioners contribute to Worth Police Pension Fund
Taxpayers contributed 79.1 percent of the $1,115,719 the Worth Police Pension Fund brought in 2018, or $3.81 for every $1 from pension members.
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Report: Worth Police Pension Fund gained $25,985 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Worth Police Pension Fund netted 0.01 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 Worth Police Pension Fund earns $79,877 per year
The Worth Police Pension Fund had 26 active participants receiving an average salary of $79,877 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Worth pays $4 for every $1 pensioners contribute to Worth Police Pension Fund
Taxpayers contributed 79.9 percent of the $1,003,717 the Worth Police Pension Fund brought in last year, or $4 for every $1 from pension members.
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Analysis: Worth Police Pension Fund would go broke in eight years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Worth Police Pension Fund lost $1,286,355 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: 41.6% of Worth Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 41.6 percent of the Worth 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.
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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.