Analysis: Melrose Park pays $4.12 for every $1 pensioners contribute to Melrose Park Police Pension Fund

By West Cook News

Jun 1, 2018

Taxpayers contributed 80.2 percent of the $3,171,884 the Melrose Park Police Pension Fund brought in last year, or $4.12 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, Melrose Park contributed $2,544,568 to the fund, which saw a $221,258 increase in revenue over 2015. Members contributed $616,461, or 19.4 percent, in 2016. Another $10,855 came from other unspecified sources.

Melrose Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$950,865	$944,557	$1,931,505	$2,344,782	$2,544,568	167.6%
Pension members	$561,672	$578,528	$756,019	$606,618	$616,461	9.8%
Other Revenue	$10,066	$25,564	$1,353	-$774	$10,855	7.8%
Total	$1,522,603	$1,548,649	$2,688,877	$2,950,626	$3,171,884	108.3%