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Dupage Policy Journal

Sunday, December 22, 2024

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

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
20122013201420152016Change 2012-2016
Municipality$1,594,111$1,948,229$2,328,358$2,274,955$2,689,71368.7%
Pension members$764,690$723,405$723,877$669,478$772,2231%
Other Revenue-$-1$1$17,001$15,914$6,893689400%
Total$2,358,800$2,671,635$3,069,236$2,960,347$3,468,82947.1%

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