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West Cook News

Friday, November 22, 2024

Analysis: Forest View pays $9.23 for every $1 pensioners contribute to Forest View Police Pension Fund

Budget007

Taxpayers contributed 89.9 percent of the $520,077 the Forest View Police Pension Fund brought in 2018, or $9.23 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, Forest View contributed $467,579 to the fund, which saw a $156,117 decrease in revenue over 2017. Members contributed $50,658, or 9.7 percent, in 2018. Another $1,840 came from other unspecified sources.

Forest View Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$331,145$587,971$464,077$625,114$467,57941.2%
Pension members$53,037$54,689$55,888$51,080$50,658-4.5%
Other Revenue$0$0$0$0$1,840-
Total$384,182$642,660$519,965$676,194$520,07735.4%

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