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West Cook News

Friday, November 22, 2024

Analysis: Stone Park pays $13.48 for every $1 pensioners contribute to Stone Park Police Pensionfund

Budget 04

Taxpayers contributed 93.1 percent of the $877,670 the Stone Park Police Pensionfund brought in 2018, or $13.48 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 $817,095 to the fund, which saw a $1,375 decrease in revenue over 2017. Members contributed $60,576, or 6.9 percent, in 2018.

Stone Park Police Pensionfund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,515,374$575,000$740,725$817,339$817,095-67.5%
Pension members$100,845$100,845$78,283$61,706$60,576-39.9%
Other Revenue-$1,395-$1,394-$-1$0-$-199.9%
Total$2,614,824$674,451$819,007$879,045$877,670-66.4%

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