Analysis: Westmont pays $5.59 for every $1 pensioners contribute to Westmont Police Pension Fund

By DuPage Policy Journal

Aug 17, 2020

Taxpayers contributed 84.6 percent of the $2,631,114 the Westmont Police Pension Fund brought in 2018, or $5.59 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, Westmont contributed $2,225,146 to the fund, which saw a $198,705 increase in revenue over 2017. Members contributed $397,921, or 15.1 percent, in 2018. Another $8,047 came from other unspecified sources.

Westmont Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,784,095	$1,895,159	$2,012,246	$2,053,074	$2,225,146	24.7%
Pension members	$427,392	$374,598	$417,895	$384,389	$397,921	-6.9%
Other Revenue	$12,188	-$6,018	$3,840	-$5,054	$8,047	-34%
Total	$2,223,675	$2,263,739	$2,433,981	$2,432,409	$2,631,114	18.3%