Analysis: Willow Springs pays $23.16 for every $1 pensioners contribute to Willow Springs Police Pension Fund

By South Cook News

Sep 20, 2020

Taxpayers contributed 95.8 percent of the $1,515,253 the Willow Springs Police Pension Fund brought in 2018, or $23.16 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 $1,451,100 to the fund, which saw a $1,048,174 increase in revenue over 2017. Members contributed $62,632, or 4.1 percent, in 2018. Another $1,521 came from other unspecified sources.

Willow Springs Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$531,911	$543,580	$580,538	$417,228	$1,451,100	172.8%
Pension members	$82,295	$80,194	$52,412	$52,651	$62,632	-23.9%
Other Revenue	$4,324	$174	$1,009	-$2,800	$1,521	-64.8%
Total	$618,530	$623,948	$633,959	$467,079	$1,515,253	145%