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South Cook News

Friday, November 22, 2024

Analysis: Midlothian pays $1.83 for every $1 pensioners contribute to Midlothian Police Pension Fund

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Taxpayers contributed 65.2 percent of the $583,381 the Midlothian Police Pension Fund brought in 2018, or $1.83 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, Midlothian contributed $380,510 to the fund, which saw a $11,560 decrease in revenue over 2017. Members contributed $207,445, or 35.6 percent, in 2018.

Midlothian Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$368,318$282,275$249,587$391,087$380,5103.3%
Pension members$294,328$409,920$201,370$204,860$207,445-29.5%
Other Revenue-$119$11,904-$606-$1,006-$4,574-3743.7%
Total$662,527$704,099$450,351$594,941$583,381-11.9%

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