Analysis: Posen pays $1.77 for every $1 pensioners contribute to Posen Police Pension Fund

By Local Labs News Service

Jun 5, 2018

Taxpayers contributed 64 percent of the $262,312 the Posen Police Pension Fund brought in last year, or $1.77 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, Posen contributed $167,814 to the fund, which saw a $25,015 increase in revenue over 2015. Members contributed $94,498, or 36 percent, in 2016.

Posen Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$178,084	$164,816	$158,169	$161,856	$167,814	-5.8%
Pension members	$130,186	$70,445	$70,472	$75,441	$94,498	-27.4%
Other Revenue	$0	$0	$1	$0	$0	-
Total	$308,270	$235,261	$228,642	$237,297	$262,312	-14.9%