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South Cook News

Tuesday, November 5, 2024

Analysis: Oak Forest pays $4.96 for every $1 pensioners contribute to Oak Forest Police Pension Fund

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Taxpayers contributed 82.9 percent of the $2,214,512 the Oak Forest Police Pension Fund brought in 2018, or $4.96 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 Forest contributed $1,836,854 to the fund, which saw a $6,071 decrease in revenue over 2017. Members contributed $369,929, or 16.7 percent, in 2018. Another $7,729 came from other unspecified sources.

Oak Forest Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,235,772$1,348,600$1,429,805$1,866,180$1,836,85448.6%
Pension members$450,047$425,549$349,092$360,214$369,929-17.8%
Other Revenue-$16,575$3,286-$5,228-$5,811$7,729146.6%
Total$1,669,244$1,777,435$1,773,669$2,220,583$2,214,51232.7%

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