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South Cook News

Monday, December 23, 2024

Analysis: Alsip pays $6.80 for every $1 pensioners contribute to Alsip Police Pension Fund

Budget 02

Taxpayers contributed 87.2 percent of the $2,739,567 the Alsip Police Pension Fund brought in last year, or $6.80 for every $1 from pension members, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Alsip contributed $2,388,524 to the fund, which saw a $112,492 increase in revenue over 2015. Members contributed $351,042, or 12.8 percent, in 2016. Another $1 came from other unspecified sources.

Alsip Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,774,722$1,716,750$1,973,625$2,214,723$2,388,52434.6%
Pension members$280,863$285,568$332,713$412,352$351,04225%
Other Revenue-$-1$0$0$0$1200%
Total$2,055,584$2,002,318$2,306,338$2,627,075$2,739,56733.3%

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