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West Cook News

Monday, April 29, 2024

Analysis: Bellwood pays $4.12 for every $1 pensioners contribute to Bellwood Police Pension Fund

Budget04

Taxpayers contributed 80.4 percent of the $1,497,710 the Bellwood Police Pension Fund brought in last year, or $4.12 for every $1 from pension members, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Bellwood contributed $1,204,392 to the fund, which saw a $107,183 decrease in revenue over 2015. Members contributed $291,867, or 19.5 percent, in 2016. Another $1,451 came from other unspecified sources.

Bellwood Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,401,949$1,248,212$1,223,040$1,324,096$1,204,392-14.1%
Pension members$318,591$319,212$297,658$280,797$291,867-8.4%
Other Revenue$50$0$100$0$1,4512802%
Total$1,720,590$1,567,424$1,520,798$1,604,893$1,497,710-13%

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