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West Cook News

Friday, November 22, 2024

Analysis: Forest Park pays $2.69 for every $1 pensioners contribute to Forest Park Police Pension Fund

Budget04

Taxpayers contributed 73.1 percent of the $1,177,721 the Forest Park Police Pension Fund brought in last year, or $2.69 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, Forest Park contributed $860,422 to the fund, which saw a $195,176 increase in revenue over 2015. Members contributed $319,101, or 27.1 percent, in 2016.

Forest Park Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$692,136$674,566$689,371$672,901$860,42224.3%
Pension members$382,553$326,376$314,260$311,953$319,101-16.6%
Other Revenue$0-$1,360-$979-$2,309-$1,802-
Total$1,074,689$999,582$1,002,652$982,545$1,177,7219.6%

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