Analysis: Oak Lawn pays $2.34 for every $1 pensioners contribute to Oak Lawn Police Pension Fund

By Local Labs News Service

Jun 1, 2018

Taxpayers contributed 69.9 percent of the $4,216,605 the Oak Lawn Police Pension Fund brought in last year, or $2.34 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 Lawn contributed $2,946,377 to the fund, which saw a $686,758 increase in revenue over 2015. Members contributed $1,255,882, or 29.8 percent, in 2016. Another $14,346 came from other unspecified sources.

Oak Lawn Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,004,964	$1,196,279	$1,712,766	$2,457,525	$2,946,377	193.2%
Pension members	$1,103,561	$1,008,006	$1,082,394	$1,068,805	$1,255,882	13.8%
Other Revenue	$2,752	$7,766	$6,105	$3,517	$14,346	421.3%
Total	$2,111,277	$2,212,051	$2,801,265	$3,529,847	$4,216,605	99.7%