Quantcast

South Cook News

Friday, November 22, 2024

Analysis: Lemont pays $2.68 for every $1 pensioners contribute to Lemont Police Pension Fund

Budget 06

Taxpayers contributed 73.5 percent of the $853,261 the Lemont Police Pension Fund brought in last year, or $2.68 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, Lemont contributed $627,560 to the fund, which saw a $6,474 decrease in revenue over 2015. Members contributed $233,598, or 27.4 percent, in 2016.

Lemont Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$503,056$489,312$522,216$706,944$627,56024.7%
Pension members$197,625$211,439$225,930$215,213$233,59818.2%
Other Revenue$26,636$0-$-1-$62,422-$7,897-129.6%
Total$727,317$700,751$748,145$859,735$853,26117.3%

MORE NEWS