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West Cook News

Saturday, November 2, 2024

Analysis: Berkeley pays $2.42 for every $1 pensioners contribute to Berkeley Police Pension Fund

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Taxpayers contributed 70.9 percent of the $665,328 the Berkeley Police Pension Fund brought in 2018, or $2.42 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, Berkeley contributed $471,633 to the fund, which saw a $201,125 decrease in revenue over 2017. Members contributed $194,140, or 29.2 percent, in 2018.

Berkeley Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$348,445$284,173$419,103$713,191$471,63335.4%
Pension members$103,333$121,164$126,841$150,393$194,14087.9%
Other Revenue$11,774$861-$3,359$2,869-$445-103.8%
Total$463,552$406,198$542,585$866,453$665,32843.5%

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