Quantcast

Lake County Gazette

Tuesday, November 5, 2024

Rankings: 10 best funded pensions in Lake County

Money272

Long Grove, Lincolnshire and Highwood have government pension funds with the highest funding levels in Lake County, 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?

Lake County's healthiest pension funds

Rank
Fund
City
County
Funding Percent
1
Long Grove Firefighters Pension Fund
Long Grove
Lake County
91.45
2
Lincolnshire Police Pension Fund
Lincolnshire
Lake County
89.59
3
Highwood Firefighters Pension Fund
Highwood
Lake County
85.80
4
Lindenhurst Police Pension Fund
Lindenhurst
Lake County
85.31
5
Grayslake Police Pension Fund
Grayslake
Lake County
82.21
6
Vernon Hills Police Pension Fund
Vernon Hills
Lake County
82.11
7
GREATER ROUND LAKE FPD FIREFIGHTERS PENSION FUND
Round Lake
Lake County
81.38
8
Fox Lake Police Pension Fund
Fox Lake
Lake County
79.60
9
Deerfield Police Pension Fund
Deerfield
Lake County
79.25
10
Winthrop Harbor Police Pension Fund
Winthrop Harbor
Lake County
77.18

MORE NEWS