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West Cook News

Friday, November 22, 2024

Analysis: Westchester pays $3.86 for every $1 pensioners contribute to Westchester Police Pension Fund

Budget 03

Taxpayers contributed 79.4 percent of the $1,255,048 the Westchester Police Pension Fund brought in last year, or $3.86 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, Westchester contributed $996,315 to the fund, which saw a $88,954 increase in revenue over 2015. Members contributed $257,642, or 20.5 percent, in 2016. Another $1,091 came from other unspecified sources.

Westchester Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$984,563$788,521$982,941$918,481$996,3151.2%
Pension members$252,548$256,322$254,029$253,106$257,6422%
Other Revenue$0-$8,206-$22,970-$5,493$1,091-
Total$1,237,111$1,036,637$1,214,000$1,166,094$1,255,0481.4%

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