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West Cook News

Friday, May 3, 2024

Analysis: Riverside pays $6.97 for every $1 pensioners contribute to Riverside Police Pension Fund

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Taxpayers contributed 86.9 percent of the $1,542,729 the Riverside Police Pension Fund brought in 2018, or $6.97 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, Riverside contributed $1,341,370 to the fund, which saw a $134,416 increase in revenue over 2017. Members contributed $192,444, or 12.5 percent, in 2018. Another $8,915 came from other unspecified sources.

Riverside Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$707,016$737,331$963,918$1,229,856$1,341,37089.7%
Pension members$170,803$181,145$180,996$178,457$192,44412.7%
Other Revenue$1$1$50$0$8,915891400%
Total$877,820$918,477$1,144,964$1,408,313$1,542,72975.7%

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