Analysis: Itasca pays $5.94 for every $1 pensioners contribute to Itasca Police Pension Fund

By DuPage Policy Journal

Jul 26, 2020

Taxpayers contributed 85.4 percent of the $1,367,671 the Itasca Police Pension Fund brought in 2018, or $5.94 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, Itasca contributed $1,168,415 to the fund, which saw a $229,067 increase in revenue over 2017. Members contributed $196,565, or 14.4 percent, in 2018. Another $2,691 came from other unspecified sources.

Itasca Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$578,545	$677,725	$704,812	$925,806	$1,168,415	102%
Pension members	$199,030	$215,723	$219,287	$199,897	$196,565	-1.2%
Other Revenue	$0	$0	$1	$12,901	$2,691	-
Total	$777,575	$893,448	$924,100	$1,138,604	$1,367,671	75.9%