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South Cook News

Friday, November 22, 2024

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

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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
20122013201420152016Change 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%

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