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West Cook News

Monday, December 23, 2024

Analysis: River Forest pays $5.09 for every $1 pensioners contribute to River Forest Police Pension Fund

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Taxpayers contributed 85 percent of the $1,640,558 the River Forest Police Pension Fund brought in 2018, or $5.09 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, River Forest contributed $1,394,597 to the fund, which saw a $40,280 increase in revenue over 2017. Members contributed $273,961, or 16.7 percent, in 2018.

River Forest Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$736,048$1,098,682$1,130,516$1,329,644$1,394,59789.5%
Pension members$246,587$257,636$258,151$267,985$273,96111.1%
Other Revenue-$2,581-$12,174-$12,298$2,649-$28,000-984.9%
Total$980,054$1,344,144$1,376,369$1,600,278$1,640,55867.4%

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