Analysis: Glenwood pays $4.71 for every $1 pensioners contribute to Glenwood Police Pension Fund

By South Cook News

Jul 28, 2020

Taxpayers contributed 81.7 percent of the $1,071,065 the Glenwood Police Pension Fund brought in 2018, or $4.71 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, Glenwood contributed $874,658 to the fund, which saw a $19,105 decrease in revenue over 2017. Members contributed $185,589, or 17.3 percent, in 2018. Another $10,818 came from other unspecified sources.

Glenwood Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$457,652	$562,168	$634,894	$903,512	$874,658	91.1%
Pension members	$176,780	$166,018	$167,505	$184,392	$185,589	5%
Other Revenue	$4,646	$2,547	$2,444	$2,266	$10,818	132.8%
Total	$639,078	$730,733	$804,843	$1,090,170	$1,071,065	67.6%