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South Cook News

Tuesday, November 5, 2024

Analysis: Willow Springs pays $11.07 for every $1 pensioners contribute to Willow Springs Police Pension Fund

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Taxpayers contributed 91.6 percent of the $633,959 the Willow Springs Police Pension Fund brought in last year, or $11.07 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, Willow Springs contributed $580,538 to the fund, which saw a $10,011 increase in revenue over 2015. Members contributed $52,412, or 8.3 percent, in 2016. Another $1,009 came from other unspecified sources.

Willow Springs Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$105,558$163,443$531,911$543,580$580,538450%
Pension members$145,651$113,598$82,295$80,194$52,412-64%
Other Revenue-$-1-$1,225$4,324$174$1,009101000%
Total$251,208$275,816$618,530$623,948$633,959152.4%

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