Analysis: Westmont pays $4.81 for every $1 pensioners contribute to Westmont Police Pension Fund

By Local Labs News Service

Jun 6, 2018

Taxpayers contributed 82.7 percent of the $2,433,981 the Westmont Police Pension Fund brought in last year, or $4.81 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, Westmont contributed $2,012,246 to the fund, which saw a $170,242 increase in revenue over 2015. Members contributed $417,895, or 17.2 percent, in 2016. Another $3,840 came from other unspecified sources.

Westmont Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,767,208	$1,777,843	$1,784,095	$1,895,159	$2,012,246	13.9%
Pension members	$475,810	$411,390	$427,392	$374,598	$417,895	-12.2%
Other Revenue	$33	$12,730	$12,188	-$6,018	$3,840	11536.4%
Total	$2,243,051	$2,201,963	$2,223,675	$2,263,739	$2,433,981	8.5%