Analysis: Westmont pays $5.59 for every $1 pensioners contribute to Westmont Police Pension Fund
Taxpayers contributed 84.6 percent of the $2,631,114 the Westmont Police Pension Fund brought in 2018, or $5.59 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, Westmont contributed $2,225,146 to the fund, which saw a $198,705 increase in revenue over 2017. Members contributed $397,921, or 15.1 percent, in 2018. Another $8,047 came from other unspecified sources.
Westmont Police Pension Fund revenue over 5 years
| 2014 | 2015 | 2016 | 2017 | 2018 | Change 2014-2018 | |
|---|---|---|---|---|---|---|
| Municipality | $1,784,095 | $1,895,159 | $2,012,246 | $2,053,074 | $2,225,146 | 24.7% |
| Pension members | $427,392 | $374,598 | $417,895 | $384,389 | $397,921 | -6.9% |
| Other Revenue | $12,188 | -$6,018 | $3,840 | -$5,054 | $8,047 | -34% |
| Total | $2,223,675 | $2,263,739 | $2,433,981 | $2,432,409 | $2,631,114 | 18.3% |