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South Cook News

Saturday, November 23, 2024

Analysis: Olympia Fields pays $5.43 for every $1 pensioners contribute to Olympia Fields Police Pension Fund

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Taxpayers contributed 84.4 percent of the $1,113,218 the Olympia Fields Police Pension Fund brought in 2018, or $5.43 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, Olympia Fields contributed $939,826 to the fund, which saw a $57,573 increase in revenue over 2017. Members contributed $172,912, or 15.5 percent, in 2018. Another $480 came from other unspecified sources.

Olympia Fields Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$829,411$906,694$759,609$881,696$939,82613.3%
Pension members$143,766$149,734$161,874$172,613$172,91220.3%
Other Revenue-$1,863$2,878$926$1,336$480125.8%
Total$971,314$1,059,306$922,409$1,055,645$1,113,21814.6%

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