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South Cook News

Friday, November 22, 2024

Analysis: Markham pays $3.70 for every $1 pensioners contribute to Markham Police Pension Fund

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Taxpayers contributed 78.8 percent of the $1,214,512 the Markham Police Pension Fund brought in 2018, or $3.70 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, Markham contributed $957,445 to the fund, which saw a $41,911 decrease in revenue over 2017. Members contributed $258,484, or 21.3 percent, in 2018.

Markham Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$611,847$1,056,858$955,232$992,561$957,44556.5%
Pension members$408,260$282,470$263,551$263,673$258,484-36.7%
Other Revenue$3,860-$8,322$1,336$189-$1,417-136.7%
Total$1,023,967$1,331,006$1,220,119$1,256,423$1,214,51218.6%

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