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South Cook News

Friday, November 22, 2024

Analysis: Lynwood pays $1.46 for every $1 pensioners contribute to Lynwood Police Pension Fund

Budget 05

Taxpayers contributed 59.3 percent of the $343,094 the Lynwood Police Pension Fund brought in last year, or $1.46 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, Lynwood contributed $203,555 to the fund, which saw a $107,912 increase in revenue over 2015. Members contributed $138,968, or 40.5 percent, in 2016. Another $571 came from other unspecified sources.

Lynwood Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$73,550$82,455$71,123$73,652$203,555176.8%
Pension members$118,653$205,448$144,157$161,530$138,96817.1%
Other Revenue$0$0$0$0$571-
Total$192,203$287,903$215,280$235,182$343,09478.5%

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