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South Cook News

Friday, November 22, 2024

Analysis: Bridgeview pays $5.11 for every $1 pensioners contribute to Bridgeview Police Pension Fund

Budget06

Taxpayers contributed 83.6 percent of the $1,632,570 the Bridgeview Police Pension Fund brought in last year, or $5.11 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, Bridgeview contributed $1,365,392 to the fund, which saw a $19,690 increase in revenue over 2015. Members contributed $267,127, or 16.4 percent, in 2016. Another $51 came from other unspecified sources.

Bridgeview Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$969,037$955,530$1,168,821$1,335,459$1,365,39240.9%
Pension members$374,115$283,761$269,336$277,371$267,127-28.6%
Other Revenue$25$74$0$50$51104%
Total$1,343,177$1,239,365$1,438,157$1,612,880$1,632,57021.5%

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