Pension funds record revenue from investment income and other revenue, in addition to being subsidized by municipal taxes and member contributions. Taking those subsidies out of the equation and assuming the funds annual expenses are the same, the following table shows how long it would take for a pension fund to run out of money.
Which Northwest Illinois pension funds will go bankrupt first?
Rank
Fund
City
Total Non-Subsidy Revenue
Total Expenses
Total Annual Loss without Subsidy
Years Until Assets Spent
1
Byron FPD Firefighters Pension Fund
Byron
$440,592
$494,396
-$53,804
0
2
Rock Falls Firefighters Pension Fund
Rock Falls
-$28,440
$477,991
-$506,431
0
3
Dixon Community FPD Firefighter Pension Fund
Dixon
-$20,446
$406,949
-$427,395
0
4
Dixon Police Pension Fund
Dixon
-$394,245
$1,021,632
-$1,415,877
0
5
Sterling Police Pension Fund
Sterling
-$231,810
$1,136,871
-$1,368,681
0
6
Rock Falls Police Pension Fund
Rock Falls
-$53,317
$764,606
-$817,923
0
7
Dixon Firefighters Pension Fund
Dixon
-$86,140
$885,721
-$971,861
0
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