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West Cook News

Friday, November 22, 2024

Analysis: Westchester pays $3.50 for every $1 pensioners contribute to Westchester Police Pension Fund

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Taxpayers contributed 77.2 percent of the $1,209,883 the Westchester Police Pension Fund brought in 2018, or $3.50 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 $934,159 to the fund, which saw a $68,816 decrease in revenue over 2017. Members contributed $266,428, or 22 percent, in 2018. Another $9,296 came from other unspecified sources.

Westchester Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$982,941$918,481$996,315$1,010,389$934,159-5%
Pension members$254,029$253,106$257,642$269,063$266,4284.9%
Other Revenue-$22,970-$5,493$1,091-$753$9,296140.5%
Total$1,214,000$1,166,094$1,255,048$1,278,699$1,209,883-0.3%

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