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Dupage Policy Journal

Thursday, April 25, 2024

Analysis: Lombard pays $4.22 for every $1 pensioners contribute to Lombard Police Pension Fund

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Taxpayers contributed 80.8 percent of the $3,632,378 the Lombard Police Pension Fund brought in last year, or $4.22 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, Lombard contributed $2,936,167 to the fund, which saw a $426,494 increase in revenue over 2015. Members contributed $695,085, or 19.1 percent, in 2016. Another $1,126 came from other unspecified sources.

Lombard Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,125,924$2,419,624$2,614,180$2,537,579$2,936,16738.1%
Pension members$359,835$624,050$624,378$653,110$695,08593.2%
Other Revenue-$85,552-$12,115$36,694$15,195$1,126101.3%
Total$2,400,207$3,031,559$3,275,252$3,205,884$3,632,37851.3%

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