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West Cook News

Friday, November 22, 2024

Analysis: Schiller Park pays $7.20 for every $1 pensioners contribute to Schiller Park Police Pension Fund

Budget 04

Taxpayers contributed 87.6 percent of the $2,395,264 the Schiller Park Police Pension Fund brought in 2018, or $7.20 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, Schiller Park contributed $2,099,026 to the fund, which saw a $346,080 increase in revenue over 2017. Members contributed $291,226, or 12.2 percent, in 2018. Another $5,012 came from other unspecified sources.

Schiller Park Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,103,634$1,154,175$1,427,405$1,764,559$2,099,02690.2%
Pension members$262,902$243,707$290,790$285,393$291,22610.8%
Other Revenue$0$707-$3,186-$768$5,012-
Total$1,366,536$1,398,589$1,715,009$2,049,184$2,395,26475.3%

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