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South Cook News

Friday, November 22, 2024

Analysis: Lynwood pays $1.40 for every $1 pensioners contribute to Lynwood Police Pension Fund

Budget 12

Taxpayers contributed 58.4 percent of the $371,889 the Lynwood Police Pension Fund brought in 2018, or $1.40 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, Lynwood contributed $217,180 to the fund, which saw a $3,574 increase in revenue over 2017. Members contributed $154,710, or 41.6 percent, in 2018.

Lynwood Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$71,123$73,652$203,555$233,103$217,180205.4%
Pension members$144,157$161,530$138,968$135,212$154,7107.3%
Other Revenue$0$0$571$0-$-1-
Total$215,280$235,182$343,094$368,315$371,88972.7%

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