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West Cook News

Friday, November 22, 2024

Analysis: Forest View pays $8.30 for every $1 pensioners contribute to Forest View Police Pension Fund

Budget 08

Taxpayers contributed 89.3 percent of the $519,965 the Forest View Police Pension Fund brought in last year, or $8.30 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 View contributed $464,077 to the fund, which saw a $122,695 decrease in revenue over 2015. Members contributed $55,888, or 10.7 percent, in 2016.

Forest View Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$46,086$124,247$331,145$587,971$464,077907%
Pension members$49,772$47,718$53,037$54,689$55,88812.3%
Other Revenue$495$0$0$0$0-100%
Total$96,353$171,965$384,182$642,660$519,965439.6%

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