Analysis: Lansing pays $4.75 for every $1 pensioners contribute to Lansing Police Pension Fund

By Local Labs News Service

May 27, 2018

Taxpayers contributed 82.7 percent of the $3,229,491 the Lansing Police Pension Fund brought in last year, or $4.75 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, Lansing contributed $2,670,076 to the fund, which saw a $56,893 increase in revenue over 2015. Members contributed $561,720, or 17.4 percent, in 2016.

Lansing Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,387,260	$2,215,909	$2,275,526	$2,647,787	$2,670,076	11.8%
Pension members	$452,722	$519,328	$453,297	$479,632	$561,720	24.1%
Other Revenue	$43	-$2,845	$14,143	$45,179	-$2,305	-5460.5%
Total	$2,840,025	$2,732,392	$2,742,966	$3,172,598	$3,229,491	13.7%