In all, Palos Park contributed $200,000 to the fund, which saw a $36,097 increase in revenue over 2015. Members contributed $74,670, or 27.2 percent, in 2016. Another $1 came from other unspecified sources.
Palos Park Police Pension Fund revenue over 5 years
2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
---|---|---|---|---|---|---|
Municipality | $167,000 | $185,000 | $165,000 | $175,000 | $200,000 | 19.8% |
Pension members | $53,100 | $62,265 | $64,995 | $63,574 | $74,670 | 40.6% |
Other Revenue | $0 | $0 | $0 | $0 | $1 | - |
Total | $220,100 | $247,265 | $229,995 | $238,574 | $274,671 | 24.8% |