Analysis: Calumet Park pays $5.22 for every $1 pensioners contribute to Calumet Park Police Pension Fund

By Local Labs News Service

May 18, 2018

Taxpayers contributed 83.9 percent of the $793,005 the Calumet Park Police Pension Fund brought in last year, or $5.22 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, Calumet Park contributed $665,596 to the fund, which saw a $134,550 increase in revenue over 2015. Members contributed $127,409, or 16.1 percent, in 2016.

Calumet Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$754,120	$509,478	$535,696	$531,920	$665,596	-11.7%
Pension members	$130,246	$129,947	$140,939	$126,535	$127,409	-2.2%
Other Revenue	$1	$0	$1	$0	$0	-100%
Total	$884,367	$639,425	$676,636	$658,455	$793,005	-10.3%