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Friday, November 15, 2019

Analysis: Downers Grove pays $3.48 for every $1 pensioners contribute to Downers Grove Police Pension Fund

Local Government

By Local Labs News Service | May 22, 2018

Budget 01

Taxpayers contributed 77.5 percent of the $3,468,829 the Downers Grove Police Pension Fund brought in last year, or $3.48 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, Downers Grove contributed $2,689,713 to the fund, which saw a $508,482 increase in revenue over 2015. Members contributed $772,223, or 22.3 percent, in 2016. Another $6,893 came from other unspecified sources.

Downers Grove Police Pension Fund revenue over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$1,594,111
$1,948,229
$2,328,358
$2,274,955
$2,689,713
68.7%
Pension members
$764,690
$723,405
$723,877
$669,478
$772,223
1%
Other Revenue
-$-1
$1
$17,001
$15,914
$6,893
689400%
Total
$2,358,800
$2,671,635
$3,069,236
$2,960,347
$3,468,829
47.1%

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Organizations in this Story

Downers Grove Police Pension Fund

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