Freeport Police Pension Fund
Recent News About Freeport Police Pension Fund
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Report: Freeport Police Pension Fund gained $1,608,396 in investment income in 2018
After projecting its investments would grow by 6.5 percent, the Freeport Police Pension Fund netted 6.7 percent on its investments in 2018, according to data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Freeport Police Pension Fund would go bankrupt in 23 years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, the Freeport Police Pension Fund would have lost $1,029,599 in 2018, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Freeport pays $4.42 for every $1 pensioners contribute to Freeport Police Pension Fund
Taxpayers contributed 80.8 percent of the $1,722,206 the Freeport Police Pension Fund brought in 2018, or $4.42 for every $1 from pension members.
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Report: 48.7% of Freeport Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 48.7 percent of the Freeport Police Pension Fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: Freeport Police Pension Fund lost $722,136 in investment income in 2016
After projecting its investments would grow by 6.75 percent, the Freeport Police Pension Fund lost 3.73 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 Freeport Police Pension Fund earns $60,675 per year
The Freeport Police Pension Fund had 46 active participants receiving an average salary of $60,675 in 2016, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Analysis: Freeport pays $5.83 for every $1 pensioners contribute to Freeport Police Pension Fund
Taxpayers contributed 85.4 percent of the $1,880,476 the Freeport Police Pension Fund brought in last year, or $5.83 for every $1 from pension members.
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Analysis: Freeport Police Pension Fund would go broke in seven years without taxpayer subsidy
Without members and taxpayers subsidizing its revenue, Freeport Police Pension Fund lost $3,058,446 in 2016, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
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Report: 52.8% of Freeport Police Pension Fund is funded
With the amount it's obligated to pay pensioners outpacing the funds it has on hand, 52.8 percent of the Freeport Police Pension Fund fund is funded, according to the latest data reported to the Illinois Department of Insurance Pension Division.
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Northwest Illinois pension funds: Where do taxpayers contribute most?
Government pension funds in Freeport, Sterling and Dixon depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.
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Rankings: 10 worst funded pensions in Northwest Illinois
Savanna, Dixon and Freeport have government pension funds with the lowest funding levels in Northwest Illinois, according to the Illinois Department of Insurance.
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Analysis: Northwest Illinois fire, police pension funds paid $8 million, lost $924K on investments in 2016
Northwest Illinois’ 10 police and fire pension funds paid out a total of $8,100,566 in benefits to 204 retirees and inactive recipients in 2016 while losing $924,236 on their investments, according to a NW Illinois News analysis of the funds' mandated financial filings with the Illinois Department of Insurance.