Analysis: Woodridge pays $5.25 for every $1 pensioners contribute to Woodridge Police Pension Fund

By DuPage Policy Journal

Aug 25, 2020

Taxpayers contributed 84 percent of the $2,912,851 the Woodridge Police Pension Fund brought in 2018, or $5.25 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, Woodridge contributed $2,447,309 to the fund, which saw a $230,708 increase in revenue over 2017. Members contributed $465,543, or 16 percent, in 2018.

Woodridge Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,945,484	$1,815,800	$2,014,246	$2,216,498	$2,447,309	25.8%
Pension members	$291,125	$449,056	$450,757	$465,644	$465,543	59.9%
Other Revenue	$0	$0	$0	$1	-$-1	-
Total	$2,236,609	$2,264,856	$2,465,003	$2,682,143	$2,912,851	30.2%