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South Cook News

Friday, November 22, 2024

Analysis: Glenwood pays $3.79 for every $1 pensioners contribute to Glenwood Police Pension Fund

Budget 04

Taxpayers contributed 78.9 percent of the $804,843 the Glenwood Police Pension Fund brought in last year, or $3.79 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, Glenwood contributed $634,894 to the fund, which saw a $74,110 increase in revenue over 2015. Members contributed $167,505, or 20.8 percent, in 2016. Another $2,444 came from other unspecified sources.

Glenwood Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$627,083$617,956$457,652$562,168$634,8941.2%
Pension members$218,296$161,616$176,780$166,018$167,505-23.3%
Other Revenue$550$6,284$4,646$2,547$2,444344.4%
Total$845,929$785,856$639,078$730,733$804,843-4.9%

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