The DOI biennial report shows the value of the Lake Villa Fpd Firefighter's Pension Fund's value of assets was $344,639 at the end of 2016, while its liabilities was $0 a difference of $344,639.
The fund's actuarial funding position has improved over the past five years. In 2016, 0 percent of the fund was funded. Five years ago, 0 percent was funded.
Combining the liabilities of all the funds, just 47.9 percent were funded in 2016, according to the report. Unfunded liabilities statewide totaled $185.2 billion in 2016.
Lake Villa Fpd Firefighter's Pension Fund health over 5 years
| 2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
|---|---|---|---|---|---|---|
| Actuarial value of assets | $299,050 | $241,882 | $331,872 | $343,205 | $344,639 | 15.2% |
| Actuarial value of liabilities | $0 | $0 | $0 | $0 | $0 | -% |
| Actuarial funding position | $299,050 | $241,882 | $331,872 | $343,205 | $344,639 | 15.2% |
| Actuarial funding percent | 0% | 0% | 0% | 0% | 0% | 0% |
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