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South Cook News

Saturday, November 23, 2024

Analysis: Olympia Fields pays $4.69 for every $1 pensioners contribute to Olympia Fields Police Pension Fund

Budget 07

Taxpayers contributed 82.4 percent of the $922,409 the Olympia Fields Police Pension Fund brought in last year, or $4.69 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, Olympia Fields contributed $759,609 to the fund, which saw a $136,897 decrease in revenue over 2015. Members contributed $161,874, or 17.5 percent, in 2016. Another $926 came from other unspecified sources.

Olympia Fields Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$565,028$688,982$829,411$906,694$759,60934.4%
Pension members$167,263$141,673$143,766$149,734$161,874-3.2%
Other Revenue$1$1,178-$1,863$2,878$92692500%
Total$732,292$831,833$971,314$1,059,306$922,40926%

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