Analysis: La Grange Park pays $4.70 for every $1 pensioners contribute to Lagrange Park Police Pension Fund

By West Cook News

Jul 26, 2020

Taxpayers contributed 82.3 percent of the $1,038,080 the Lagrange Park Police Pension Fund brought in 2018, or $4.70 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, La Grange Park contributed $853,918 to the fund, which saw a $9,015 decrease in revenue over 2017. Members contributed $181,495, or 17.5 percent, in 2018. Another $2,667 came from other unspecified sources.

Lagrange Park Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$760,568	$764,804	$803,853	$864,230	$853,918	12.3%
Pension members	$173,819	$174,138	$187,661	$179,206	$181,495	4.4%
Other Revenue	$49,110	-$2,373	-$1,206	$3,659	$2,667	-94.6%
Total	$983,497	$936,569	$990,308	$1,047,095	$1,038,080	5.5%