Joliet Police Pension Fund
Recent News About Joliet Police Pension Fund View More
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Report: Joliet Police Pension Fund lost $10,337,951 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Joliet Police Pension Fund lost 4.9 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Joliet Police Pension Fund would go bankrupt in nine years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Joliet Police Pension Fund would have lost $24,848,304 in 2018, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Joliet pays $4.98 for every $1 pensioners contribute to Joliet Police Pension Fund
Taxpayers contributed 83.1 percent of the $18,637,084 the Joliet Police Pension Fund brought in 2018, or $4.98 for every $1 from pension members.
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Report: 59.3% of Joliet Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 59.3 percent of the Joliet Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.