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South Cook News

Friday, November 22, 2024

Analysis: Chicago Ridge pays $6.56 for every $1 pensioners contribute to Chicago Ridge Police Pension Fund

Budget 04

Taxpayers contributed 86.8 percent of the $2,050,894 the Chicago Ridge Police Pension Fund brought in last year, or $6.56 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, Chicago Ridge contributed $1,781,037 to the fund, which saw a $77,064 increase in revenue over 2015. Members contributed $271,320, or 13.2 percent, in 2016.

Chicago Ridge Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,084,583$1,520,339$1,635,483$1,707,637$1,781,03764.2%
Pension members$228,186$247,186$254,381$259,280$271,32018.9%
Other Revenue$4,940-$1,203$247,997$6,913-$1,463-129.6%
Total$1,317,709$1,766,322$2,137,861$1,973,830$2,050,89455.6%

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