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

By Local Labs News Service

Jun 12, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$740,535	$638,556	$935,385	$884,678	$1,023,960	38.3%
Pension members	$317,515	$277,120	$288,521	$298,262	$332,138	4.6%
Other Revenue	$0	-$7,741	$12,252	$286	$3,391	-
Total	$1,058,050	$907,935	$1,236,158	$1,183,226	$1,359,489	28.5%