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West Cook News

Thursday, November 21, 2024

Analysis: Brookfield pays $4.70 for every $1 pensioners contribute to Brookfield Police Pension Fund

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Taxpayers contributed 82.4 percent of the $2,235,186 the Brookfield 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, Brookfield contributed $1,840,703 to the fund, which saw a $244,441 increase in revenue over 2017. Members contributed $390,824, or 17.5 percent, in 2018. Another $3,659 came from other unspecified sources.

Brookfield Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,247,036$1,413,761$1,591,846$1,751,761$1,840,70347.6%
Pension members$253,390$273,003$276,134$289,235$390,82454.2%
Other Revenue$656-$59,437$59,471-$50,251$3,659457.8%
Total$1,501,082$1,627,327$1,927,451$1,990,745$2,235,18648.9%

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