Analysis: Itasca pays $3.21 for every $1 pensioners contribute to Itasca Police Pension Fund
Taxpayers contributed 76.3 percent of the $924,100 the Itasca Police Pension Fund brought in last year, or $3.21 for every $1 from pension members, according to a DuPage Policy Journal analysis of the latest data reported to the Illinois Department of Insurance Pension Division.
In all, Itasca contributed $704,812 to the fund, which saw a $30,652 increase in revenue over 2015. Members contributed $219,287, or 23.7 percent, in 2016. Another $1 came from other unspecified sources.
Itasca Police Pension Fund revenue over 5 years
| 2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
|---|---|---|---|---|---|---|
| Municipality | $596,937 | $545,817 | $578,545 | $677,725 | $704,812 | 18.1% |
| Pension members | $194,475 | $204,928 | $199,030 | $215,723 | $219,287 | 12.8% |
| Other Revenue | $0 | $0 | $0 | $0 | $1 | - |
| Total | $791,412 | $750,745 | $777,575 | $893,448 | $924,100 | 16.8% |