Lake Forest Firefighters Pension Fund

haglundk@cityoflakeforest.com
255 W Deerpath, Lake Forest, IL 60045
Municipal Government
Public Pension Funds
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Ann Gillespie, Director at Illinois Department of Insurance
Lake Forest’s police and fire pension debts per household hit $12,589 in FY 2024 — 67th highest in Illinois

April 11, 2026

In fiscal year 2024, Lake Forest held the 67th highest for per-household police and fire pension debt in Illinois, reaching $12,589, according to the Illinois Department of Insurance.

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Ann Gillespie, Director of the Illinois Department of Insurance
Lake Forest Firefighters Pension Fund placed 473rd for underfunded pensions among Illinois police and fire funds in 2024

March 27, 2026

The Lake Forest Firefighters Pension Fund faced $13,299,484 in unfunded liabilities for 2024, leaving the fund 20.2% below the required assets to meet its retirement commitments.

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