Quantcast

South Cook News

Friday, November 22, 2024

Analysis: Dolton pays $2.42 for every $1 pensioners contribute to Dolton Police Pension Fund

Budget 10

Taxpayers contributed 71.2 percent of the $1,106,957 the Dolton Police Pension Fund brought in last year, or $2.42 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, Dolton contributed $787,728 to the fund, which saw a $78,803 increase in revenue over 2015. Members contributed $325,100, or 29.4 percent, in 2016.

Dolton Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$521,828$952,019$718,071$716,574$787,72851%
Pension members$331,827$425,068$352,535$329,382$325,100-2%
Other Revenue-$11,596-$4,022-$5,658-$17,802-$5,87149.4%
Total$842,059$1,373,065$1,064,948$1,028,154$1,106,95731.5%

MORE NEWS