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

By South Cook News

Sep 18, 2020

Taxpayers contributed 72.1 percent of the $4,242,615 the Tinley Park Police Pension Fund brought in 2018, 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 $3,061,031 to the fund, which saw a $792,075 increase in revenue over 2017. Members contributed $1,181,122, or 27.8 percent, in 2018. Another $462 came from other unspecified sources.

Tinley Park Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,051,971	$2,039,386	$2,301,390	$2,651,270	$3,061,031	49.2%
Pension members	$738,986	$767,720	$887,769	$799,208	$1,181,122	59.8%
Other Revenue	$496	$0	$31	$62	$462	-6.9%
Total	$2,791,453	$2,807,106	$3,189,190	$3,450,540	$4,242,615	52%