Analysis: Wheaton pays $6.76 for every $1 pensioners contribute to Wheaton Police Pension Fund

By DuPage Policy Journal

Aug 19, 2020

Taxpayers contributed 87.1 percent of the $3,368,358 the Wheaton Police Pension Fund brought in 2018, or $6.76 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, Wheaton contributed $2,933,100 to the fund, which saw a $246,102 increase in revenue over 2017. Members contributed $433,278, or 12.9 percent, in 2018. Another $1,980 came from other unspecified sources.

Wheaton Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,824,529	$1,961,084	$2,000,982	$2,378,653	$2,933,100	60.8%
Pension members	$617,002	$620,732	$730,909	$732,840	$433,278	-29.8%
Other Revenue	-$4,295	$5,203	-$33,879	$10,763	$1,980	146.1%
Total	$2,437,236	$2,587,019	$2,698,012	$3,122,256	$3,368,358	38.2%