Analysis: Schiller Park pays $4.90 for every $1 pensioners contribute to Schiller Park Police Pension Fund

By West Cook News

Jun 8, 2018

Taxpayers contributed 83.2 percent of the $1,715,009 the Schiller Park Police Pension Fund brought in last year, or $4.90 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, Schiller Park contributed $1,427,405 to the fund, which saw a $316,420 increase in revenue over 2015. Members contributed $290,790, or 17 percent, in 2016.

Schiller Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,141,203	$828,891	$1,103,634	$1,154,175	$1,427,405	25.1%
Pension members	$269,080	$253,239	$262,902	$243,707	$290,790	8.1%
Other Revenue	$0	$100	$0	$707	-$3,186	-
Total	$1,410,283	$1,082,230	$1,366,536	$1,398,589	$1,715,009	21.6%