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West Cook News

Monday, December 23, 2024

Analysis: Riverside pays $5.32 for every $1 pensioners contribute to Riverside Police Pension Fund

Budget01

Taxpayers contributed 84.2 percent of the $1,144,964 the Riverside Police Pension Fund brought in last year, or $5.32 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, Riverside contributed $963,918 to the fund, which saw a $226,487 increase in revenue over 2015. Members contributed $180,996, or 15.8 percent, in 2016. Another $50 came from other unspecified sources.

Riverside Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$606,471$623,509$707,016$737,331$963,91858.9%
Pension members$163,059$159,135$170,803$181,145$180,99611%
Other Revenue$0-$4,638$1$1$50-
Total$769,530$778,006$877,820$918,477$1,144,96448.8%

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