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West Cook News

Saturday, November 2, 2024

Analysis: River Grove pays $5.84 for every $1 pensioners contribute to River Grove Police Pension Fund

Budget 03

Taxpayers contributed 85.4 percent of the $1,306,297 the River Grove Police Pension Fund brought in last year, or $5.84 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 Grove contributed $1,115,353 to the fund, which saw a $431,054 increase in revenue over 2015. Members contributed $190,944, or 14.6 percent, in 2016.

River Grove Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$582,045$825,636$815,885$688,567$1,115,35391.6%
Pension members$173,803$180,384$180,328$186,676$190,9449.9%
Other Revenue$0$0$0$0$0-
Total$755,848$1,006,020$996,213$875,243$1,306,29772.8%

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