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Dupage Policy Journal

Friday, November 22, 2024

Analysis: West Chicago pays $5.08 for every $1 pensioners contribute to West Chicago Police Pension Fund

Budget 05

Taxpayers contributed 81.3 percent of the $2,674,620 the West Chicago Police Pension Fund brought in last year, or $5.08 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, West Chicago contributed $2,174,000 to the fund, which saw a $458,206 increase in revenue over 2015. Members contributed $427,412, or 16 percent, in 2016. Another $73,208 came from other unspecified sources.

West Chicago Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,380,000$1,380,000$1,380,000$1,800,000$2,174,00057.5%
Pension members$434,320$445,071$456,991$416,324$427,412-1.6%
Other Revenue-$2,990-$1,067$1$90$73,2082548.4%
Total$1,811,330$1,824,004$1,836,992$2,216,414$2,674,62047.7%

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