Analysis: Park Forest pays $3.67 for every $1 pensioners contribute to Park Forest Police Pension Fund

By Local Labs News Service

Jun 4, 2018

Taxpayers contributed 78.6 percent of the $1,821,827 the Park Forest Police Pension Fund brought in last year, or $3.67 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, Park Forest contributed $1,432,501 to the fund, which saw a $202,855 increase in revenue over 2015. Members contributed $389,326, or 21.4 percent, in 2016.

Park Forest Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,017,982	$1,006,494	$1,119,655	$1,289,856	$1,432,501	40.7%
Pension members	$327,810	$301,970	$315,600	$329,116	$389,326	18.8%
Other Revenue	$0	$30,267	$4,511	$0	$0	-
Total	$1,345,792	$1,338,731	$1,439,766	$1,618,972	$1,821,827	35.4%