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South Cook News

Saturday, November 23, 2024

Analysis: Oak Forest pays $4.09 for every $1 pensioners contribute to Oak Forest Police Pension Fund

Budget 13

Taxpayers contributed 80.6 percent of the $1,773,669 the Oak Forest Police Pension Fund brought in last year, or $4.09 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, Oak Forest contributed $1,429,805 to the fund, which saw a $3,766 decrease in revenue over 2015. Members contributed $349,092, or 19.7 percent, in 2016.

Oak Forest Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,436,420$1,187,671$1,235,772$1,348,600$1,429,805-0.5%
Pension members$338,498$335,421$450,047$425,549$349,0923.1%
Other Revenue$58-$15,152-$16,575$3,286-$5,228-9113.8%
Total$1,774,976$1,507,940$1,669,244$1,777,435$1,773,669-0.1%

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