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Dupage Policy Journal

Friday, November 22, 2024

Analysis: Winfield pays $7.23 for every $1 pensioners contribute to Winfield Police Pension Fund

Budget 03

Taxpayers contributed 87.6 percent of the $1,031,153 the Winfield Police Pension Fund brought in 2018, or $7.23 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, Winfield contributed $902,778 to the fund, which saw a $53,245 increase in revenue over 2017. Members contributed $124,788, or 12.1 percent, in 2018. Another $3,587 came from other unspecified sources.

Winfield Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$593,065$601,426$752,452$854,358$902,77852.2%
Pension members$135,785$130,218$119,810$123,550$124,788-8.1%
Other Revenue$0$1$0$0$3,587-
Total$728,850$731,645$872,262$977,908$1,031,15341.5%

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