Analysis: Richton Park pays $2.85 for every $1 pensioners contribute to Richton Park Police Pension Fund

By Local Labs News Service

Jun 6, 2018

Taxpayers contributed 74.3 percent of the $796,249 the Richton Park Police Pension Fund brought in last year, or $2.85 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, Richton Park contributed $591,377 to the fund, which saw a $37,572 decrease in revenue over 2015. Members contributed $207,031, or 26 percent, in 2016.

Richton Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$499,740	$465,153	$485,948	$627,574	$591,377	18.3%
Pension members	$235,457	$225,267	$203,042	$208,291	$207,031	-12.1%
Other Revenue	-$2,407	$0	$13,057	-$2,044	-$2,159	10.3%
Total	$732,790	$690,420	$702,047	$833,821	$796,249	8.7%