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South Cook News

Friday, November 22, 2024

Analysis: Markham pays $3.62 for every $1 pensioners contribute to Markham Police Pension Fund

Budget 07

Taxpayers contributed 78.3 percent of the $1,220,119 the Markham Police Pension Fund brought in last year, or $3.62 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, Markham contributed $955,232 to the fund, which saw a $110,887 decrease in revenue over 2015. Members contributed $263,551, or 21.6 percent, in 2016. Another $1,336 came from other unspecified sources.

Markham Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$400,931$700,306$611,847$1,056,858$955,232138.3%
Pension members$301,928$269,904$408,260$282,470$263,551-12.7%
Other Revenue-$11,017$4,523$3,860-$8,322$1,336112.1%
Total$691,842$974,733$1,023,967$1,331,006$1,220,11976.4%

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