Analysis: Elmwood Park pays $5.78 for every $1 pensioners contribute to Elmwood Park Police Pension Fund

By West Cook News

Jul 15, 2020

Taxpayers contributed 85.2 percent of the $2,229,669 the Elmwood Park Police Pension Fund brought in 2018, or $5.78 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, Elmwood Park contributed $1,900,432 to the fund, which saw a $111,842 increase in revenue over 2017. Members contributed $328,300, or 14.7 percent, in 2018. Another $937 came from other unspecified sources.

Elmwood Park Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,404,654	$1,461,836	$1,531,210	$1,658,406	$1,900,432	35.3%
Pension members	$295,457	$308,604	$319,991	$460,158	$328,300	11.1%
Other Revenue	-$10,710	$550	-$2,507	-$737	$937	108.7%
Total	$1,689,401	$1,770,990	$1,848,694	$2,117,827	$2,229,669	32%