Bureaucratic Costs For Elmhurst Pensions? – Patch.com (Elmhurst)

Elmhurst pays the lowest administration fees for its police pension fund among 11 suburbs surveyed. Hinsdale pays the highest.
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Freddy
6 years ago

Check out http://www.ballotpedia.org and search pension management fees.This is old data from 2012 but puts it in perspective. Compare Illinois assets /fees and returns to similar assests/ fees from Minnesota or Georgia. This is why I still say that “Defunding” is a major part of why pensions are under funded. How many hands are siphoning money out like fees and unlimited spiking prior to 2010 changes. It’s like having a bucket with many holes near the top so it will never be full unless fixed. In other words Reforms.

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