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South Cook News

Friday, November 22, 2024

Analysis: Riverdale pays $2.74 for every $1 pensioners contribute to Riverdale Police Pension Fund

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Taxpayers contributed 73.2 percent of the $872,246 the Riverdale Police Pension Fund brought in 2018, or $2.74 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 $638,264 to the fund, which saw a $6,855 decrease in revenue over 2017. Members contributed $232,270, or 26.6 percent, in 2018. Another $1,712 came from other unspecified sources.

Riverdale Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,076,228$931,820$735,142$653,763$638,264-40.7%
Pension members$272,390$262,199$217,213$223,731$232,270-14.7%
Other Revenue-$550,788-$7,147-$4,573$1,607$1,712100.3%
Total$797,830$1,186,872$947,782$879,101$872,2469.3%

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