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West Cook News

Friday, November 22, 2024

Analysis: Elmwood Park pays $4.78 for every $1 pensioners contribute to Elmwood Park Police Pension Fund

Budget 04

Taxpayers contributed 82.8 percent of the $1,848,694 the Elmwood Park Police Pension Fund brought in last year, or $4.78 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, Elmwood Park contributed $1,531,210 to the fund, which saw a $77,704 increase in revenue over 2015. Members contributed $319,991, or 17.3 percent, in 2016.

Elmwood Park Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,450,232$1,534,033$1,404,654$1,461,836$1,531,2105.6%
Pension members$273,756$293,290$295,457$308,604$319,99116.9%
Other Revenue$1,430-$6,876-$10,710$550-$2,507-275.3%
Total$1,725,418$1,820,447$1,689,401$1,770,990$1,848,6947.1%

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