Dupage Policy Journal

Dupage Policy Journal

Tuesday, November 19, 2019

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

Local Government

By Local Labs News Service | Jun 5, 2018

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
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$1,380,000
$1,380,000
$1,380,000
$1,800,000
$2,174,000
57.5%
Pension members
$434,320
$445,071
$456,991
$416,324
$427,412
-1.6%
Other Revenue
-$2,990
-$1,067
$1
$90
$73,208
2548.4%
Total
$1,811,330
$1,824,004
$1,836,992
$2,216,414
$2,674,620
47.7%

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Organizations in this Story

West Chicago Police Pension Fund

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