Analysis: Franklin Park pays $4.52 for every $1 pensioners contribute to Franklin Park Police Pension Fund

By West Cook News

Jul 21, 2020

Taxpayers contributed 82.4 percent of the $2,274,009 the Franklin Park Police Pension Fund brought in 2018, or $4.52 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, Franklin Park contributed $1,874,375 to the fund, which saw a $99,658 decrease in revenue over 2017. Members contributed $414,531, or 18.2 percent, in 2018.

Franklin Park Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,561,470	$1,881,100	$1,769,378	$1,981,999	$1,874,375	20%
Pension members	$387,570	$443,000	$403,414	$401,553	$414,531	7%
Other Revenue	$14,780	-$4,017	$3,501	-$9,885	-$14,897	-200.8%
Total	$1,963,820	$2,320,083	$2,176,293	$2,373,667	$2,274,009	15.8%