Analysis: Franklin Park pays $4.38 for every $1 pensioners contribute to Franklin Park Police Pension Fund

By West Cook News

May 25, 2018

Taxpayers contributed 81.3 percent of the $2,176,293 the Franklin Park Police Pension Fund brought in last year, or $4.38 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, Franklin Park contributed $1,769,378 to the fund, which saw a $143,790 decrease in revenue over 2015. Members contributed $403,414, or 18.5 percent, in 2016. Another $3,501 came from other unspecified sources.

Franklin Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,342,545	$1,456,144	$1,561,470	$1,881,100	$1,769,378	31.8%
Pension members	$330,480	$526,296	$387,570	$443,000	$403,414	22.1%
Other Revenue	$0	$20,556	$14,780	-$4,017	$3,501	-
Total	$1,673,025	$2,002,996	$1,963,820	$2,320,083	$2,176,293	30.1%