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

By Local Labs News Service

May 28, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,125,924	$2,419,624	$2,614,180	$2,537,579	$2,936,167	38.1%
Pension members	$359,835	$624,050	$624,378	$653,110	$695,085	93.2%
Other Revenue	-$85,552	-$12,115	$36,694	$15,195	$1,126	101.3%
Total	$2,400,207	$3,031,559	$3,275,252	$3,205,884	$3,632,378	51.3%