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Dupage Policy Journal

Sunday, December 22, 2024

Analysis: Addison pays $4.39 for every $1 pensioners contribute to Addison Police Pension Fund

Budget 06

Taxpayers contributed 81.5 percent of the $3,344,800 the Addison Police Pension Fund brought in last year, or $4.39 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, Addison contributed $2,724,449 to the fund, which saw a $458,375 increase in revenue over 2015. Members contributed $620,301, or 18.5 percent, in 2016. Another $50 came from other unspecified sources.

Addison Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,102,168$1,930,816$2,152,215$2,309,850$2,724,44929.6%
Pension members$523,855$542,158$536,974$576,575$620,30118.4%
Other Revenue$1-$-1$0$0$504900%
Total$2,626,024$2,472,973$2,689,189$2,886,425$3,344,80027.4%

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