Analysis: Park Forest pays $4.94 for every $1 pensioners contribute to Park Forest Police Pension Fund

By South Cook News

Sep 2, 2020

Taxpayers contributed 83.2 percent of the $2,157,095 the Park Forest Police Pension Fund brought in 2018, or $4.94 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, Park Forest contributed $1,794,231 to the fund, which saw a $193,125 decrease in revenue over 2017. Members contributed $362,864, or 16.8 percent, in 2018.

Park Forest Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,119,655	$1,289,856	$1,432,501	$1,897,299	$1,794,231	60.2%
Pension members	$315,600	$329,116	$389,326	$452,921	$362,864	15%
Other Revenue	$4,511	$0	$0	$0	$0	-100%
Total	$1,439,766	$1,618,972	$1,821,827	$2,350,220	$2,157,095	49.8%