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Friday, November 22, 2024

Rankings: 10 worst funded pensions in South Suburbs

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South Chicago Heights, Sauk Village and Evergreen Park have government pension funds with the lowest funding levels in South Suburbs, according to the Illinois Department of Insurance.

If the amount a pension fund is obligated to pay pensioners outpaces the funds it has on hand, the fund is in the precarious position of carrying unfunded liabilities.

The healthiest funds have a funding position at or above 100 percent. Any fund whose position is below 100 percent is unable to meet its pension obligations.

Where do your community's public pension funds rank?

South Suburbs' unhealthiest pension funds

Rank
Fund
City
County
Funding Percent
1
South Chicago Heights Firefighters Pension Fund
South Chicago Heights
Cook County
7.79
2
Sauk Village Firefighters Pension Fund
Sauk Village
Cook County
11.44
3
Evergreen Park Firefighters Pension Fund
Evergreen Park
Cook County
17.03
4
Willow Springs Police Pension Fund
Willow Springs
Cook County
17.50
5
Robbins Firefighters Pension Fund
Robbins
Cook County
19.74
6
Harvey Firefighters Pension Fund
Harvey
Cook County
22.33
7
Blue Island Firefighters Pension Fund
Blue Island
Cook County
22.56
8
Robbins Police Pension Fund
Robbins
Cook County
22.59
9
Posen Firefighters Pension Fund
Posen
Cook County
23.42
10
Burnham Police Pension Fund
Burnham
Cook County
26.79

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