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West Cook News

Monday, December 23, 2024

Analysis: Berwyn pays $1.42 for every $1 pensioners contribute to Berwyn Police Pension Fund

Budget01

Taxpayers contributed 58.5 percent of the $2,654,906 the Berwyn Police Pension Fund brought in last year, or $1.42 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, Berwyn contributed $1,552,361 to the fund, which saw a $15,039,015 decrease in revenue over 2015. Members contributed $1,086,598, or 40.9 percent, in 2016. Another $15,947 came from other unspecified sources.

Berwyn Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,440,664$17,431,789$1,936,262$16,745,210$1,552,361-36.4%
Pension members$840,979$1,094,027$1,227,194$956,689$1,086,59829.2%
Other Revenue-$12,955-$18,656$20,996-$7,978$15,947223.1%
Total$3,268,688$18,507,160$3,184,452$17,693,921$2,654,906-18.8%

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