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West Cook News

Saturday, November 2, 2024

Analysis: Stone Park pays $9.46 for every $1 pensioners contribute to Stone Park Police Pensionfund

Budget 11

Taxpayers contributed 90.4 percent of the $819,007 the Stone Park Police Pensionfund brought in last year, or $9.46 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, Stone Park contributed $740,725 to the fund, which saw a $144,556 increase in revenue over 2015. Members contributed $78,283, or 9.6 percent, in 2016.

Stone Park Police Pensionfund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$598,519$550,255$2,515,374$575,000$740,72523.8%
Pension members$95,623$107,536$100,845$100,845$78,283-18.1%
Other Revenue$0-$1,395-$1,395-$1,394-$-1-
Total$694,142$656,396$2,614,824$674,451$819,00718%

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