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South Cook News

Friday, November 22, 2024

Analysis: Crestwood pays $6.75 for every $1 pensioners contribute to Crestwood Police Pension Fund

Budget 07

Taxpayers contributed 87.1 percent of the $231,396 the Crestwood Police Pension Fund brought in last year, or $6.75 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, Crestwood contributed $201,573 to the fund, which saw a $41,223 increase in revenue over 2015. Members contributed $29,822, or 12.9 percent, in 2016. Another $1 came from other unspecified sources.

Crestwood Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$35,825$254,511$97,719$164,611$201,573462.7%
Pension members$14,245$13,984$17,050$25,562$29,822109.4%
Other Revenue-$-1$0$0$0$1200%
Total$50,069$268,495$114,769$190,173$231,396362.2%

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