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West Cook News

Friday, November 22, 2024

Analysis: Countryside pays $4.87 for every $1 pensioners contribute to Countryside Police Pension Fund

Budget 11

Taxpayers contributed 83 percent of the $1,102,079 the Countryside Police Pension Fund brought in last year, or $4.87 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, Countryside contributed $914,574 to the fund, which saw a $3,027 decrease in revenue over 2015. Members contributed $187,505, or 17 percent, in 2016.

Countryside Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$532,241$688,914$752,620$898,459$914,57471.8%
Pension members$179,288$180,055$468,502$206,646$187,5054.6%
Other Revenue$1$0$0$1$0-100%
Total$711,530$868,969$1,221,122$1,105,106$1,102,07954.9%

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