Analysis: Western Springs pays $6.40 for every $1 pensioners contribute to Western Springs Police Pension Fund

By West Cook News

Aug 24, 2020

Taxpayers contributed 86.4 percent of the $1,402,300 the Western Springs Police Pension Fund brought in 2018, or $6.40 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, Western Springs contributed $1,211,087 to the fund, which saw a $128,975 increase in revenue over 2017. Members contributed $188,992, or 13.5 percent, in 2018. Another $2,221 came from other unspecified sources.

Western Springs Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$792,475	$866,366	$914,178	$1,031,743	$1,211,087	52.8%
Pension members	$165,553	$243,375	$189,425	$240,997	$188,992	14.2%
Other Revenue	$0	$0	$0	$585	$2,221	-
Total	$958,028	$1,109,741	$1,103,603	$1,273,325	$1,402,300	46.4%