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West Cook News

Friday, November 22, 2024

Analysis: Bellwood pays $6.17 for every $1 pensioners contribute to Bellwood Police Pension Fund

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Taxpayers contributed 86.1 percent of the $2,498,678 the Bellwood Police Pension Fund brought in 2018, or $6.17 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, Bellwood contributed $2,150,180 to the fund, which saw a $169,722 increase in revenue over 2017. Members contributed $348,412, or 13.9 percent, in 2018. Another $86 came from other unspecified sources.

Bellwood Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,223,040$1,324,096$1,204,392$1,966,234$2,150,18075.8%
Pension members$297,658$280,797$291,867$362,672$348,41217.1%
Other Revenue$100$0$1,451$50$86-14%
Total$1,520,798$1,604,893$1,497,710$2,328,956$2,498,67864.3%

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