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South Cook News

Monday, December 23, 2024

Analysis: Lansing pays $5.99 for every $1 pensioners contribute to Lansing Police Pension Fund

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Taxpayers contributed 85.6 percent of the $4,357,105 the Lansing Police Pension Fund brought in 2018, or $5.99 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, Lansing contributed $3,727,904 to the fund, which saw a $412,206 increase in revenue over 2017. Members contributed $621,796, or 14.3 percent, in 2018. Another $7,405 came from other unspecified sources.

Lansing Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,275,526$2,647,787$2,670,076$3,452,598$3,727,90463.8%
Pension members$453,297$479,632$561,720$483,553$621,79637.2%
Other Revenue$14,143$45,179-$2,305$8,748$7,405-47.6%
Total$2,742,966$3,172,598$3,229,491$3,944,899$4,357,10558.8%

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