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West Cook News

Tuesday, November 26, 2024

Analysis: Lyons pays $14.11 for every $1 pensioners contribute to Lyons Police Pension Fund

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Taxpayers contributed 93.4 percent of the $1,164,700 the Lyons Police Pension Fund brought in 2018, or $14.11 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, Lyons contributed $1,087,645 to the fund, which saw a $110,725 increase in revenue over 2017. Members contributed $77,055, or 6.6 percent, in 2018.

Lyons Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$438,151$496,493$866,736$950,621$1,087,645148.2%
Pension members$149,617$127,995$118,614$103,355$77,055-48.5%
Other Revenue$0$0$0-$-1$0-
Total$587,768$624,488$985,350$1,053,975$1,164,70098.2%

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