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West Cook News

Monday, December 23, 2024

Analysis: River Forest pays $4.37 for every $1 pensioners contribute to River Forest Police Pension Fund

Budget01

Taxpayers contributed 82.1 percent of the $1,376,369 the River Forest Police Pension Fund brought in last year, or $4.37 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, River Forest contributed $1,130,516 to the fund, which saw a $32,225 increase in revenue over 2015. Members contributed $258,151, or 18.8 percent, in 2016.

River Forest Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,002,767$504,437$736,048$1,098,682$1,130,51612.7%
Pension members$229,497$243,221$246,587$257,636$258,15112.5%
Other Revenue$500-$114-$2,581-$12,174-$12,298-2559.6%
Total$1,232,764$747,544$980,054$1,344,144$1,376,36911.6%

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