Analysis: Riverdale pays $3.38 for every $1 pensioners contribute to Riverdale Police Pension Fund

By Local Labs News Service

Jun 6, 2018

Taxpayers contributed 77.6 percent of the $947,782 the Riverdale Police Pension Fund brought in last year, or $3.38 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, Riverdale contributed $735,142 to the fund, which saw a $239,090 decrease in revenue over 2015. Members contributed $217,213, or 22.9 percent, in 2016.

Riverdale Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$452,614	$1,152,457	$1,076,228	$931,820	$735,142	62.4%
Pension members	$265,848	$449,037	$272,390	$262,199	$217,213	-18.3%
Other Revenue	$4,595	-$8,427	-$550,788	-$7,147	-$4,573	-199.5%
Total	$723,057	$1,593,067	$797,830	$1,186,872	$947,782	31.1%