Analysis: Oak Lawn pays $3.10 for every $1 pensioners contribute to Oak Lawn Police Pension Fund

By South Cook News

Aug 22, 2020

Taxpayers contributed 75.2 percent of the $5,178,125 the Oak Lawn Police Pension Fund brought in 2018, or $3.10 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, Oak Lawn contributed $3,894,219 to the fund, which saw a $640,140 increase in revenue over 2017. Members contributed $1,253,675, or 24.2 percent, in 2018. Another $30,231 came from other unspecified sources.

Oak Lawn Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,712,766	$2,457,525	$2,946,377	$3,448,848	$3,894,219	127.4%
Pension members	$1,082,394	$1,068,805	$1,255,882	$1,087,445	$1,253,675	15.8%
Other Revenue	$6,105	$3,517	$14,346	$1,692	$30,231	395.2%
Total	$2,801,265	$3,529,847	$4,216,605	$4,537,985	$5,178,125	84.8%