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Dupage Policy Journal

Monday, December 23, 2024

Analysis: Wood Dale pays $3.08 for every $1 pensioners contribute to Wood Dale Police Pension Fund

Budget 06

Taxpayers contributed 75.3 percent of the $1,359,489 the Wood Dale Police Pension Fund brought in last year, or $3.08 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, Wood Dale contributed $1,023,960 to the fund, which saw a $176,263 increase in revenue over 2015. Members contributed $332,138, or 24.4 percent, in 2016. Another $3,391 came from other unspecified sources.

Wood Dale Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$740,535$638,556$935,385$884,678$1,023,96038.3%
Pension members$317,515$277,120$288,521$298,262$332,1384.6%
Other Revenue$0-$7,741$12,252$286$3,391-
Total$1,058,050$907,935$1,236,158$1,183,226$1,359,48928.5%

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