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South Cook News

Friday, November 22, 2024

Analysis: Midlothian pays $1.23 for every $1 pensioners contribute to Midlothian Police Pension Fund

Budget 04

Taxpayers contributed 55.4 percent of the $450,351 the Midlothian Police Pension Fund brought in last year, or $1.23 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, Midlothian contributed $249,587 to the fund, which saw a $253,748 decrease in revenue over 2015. Members contributed $201,370, or 44.7 percent, in 2016.

Midlothian Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$528,880$224,335$368,318$282,275$249,587-52.8%
Pension members$164,630$334,784$294,328$409,920$201,37022.3%
Other Revenue$20-$1,326-$119$11,904-$606-3130%
Total$693,530$557,793$662,527$704,099$450,351-35.1%

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