Analysis: Tinley Park pays $2.59 for every $1 pensioners contribute to Tinley Park Police Pension Fund

By Local Labs News Service

Jun 12, 2018

Taxpayers contributed 72.2 percent of the $3,189,190 the Tinley Park Police Pension Fund brought in last year, or $2.59 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, Tinley Park contributed $2,301,390 to the fund, which saw a $382,084 increase in revenue over 2015. Members contributed $887,769, or 27.8 percent, in 2016. Another $31 came from other unspecified sources.

Tinley Park Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,204,304	$1,983,393	$2,051,971	$2,039,386	$2,301,390	4.4%
Pension members	$948,905	$735,312	$738,986	$767,720	$887,769	-6.4%
Other Revenue	$1,217	$341	$496	$0	$31	-97.5%
Total	$3,154,426	$2,719,046	$2,791,453	$2,807,106	$3,189,190	1.1%