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South Cook News

Friday, November 22, 2024

Analysis: Evergreen Park pays $2.26 for every $1 pensioners contribute to Evergreen Park Police Pension Fund

Budget06

Taxpayers contributed 69.4 percent of the $1,767,657 the Evergreen Park Police Pension Fund brought in 2018, or $2.26 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, Evergreen Park contributed $1,227,063 to the fund, which saw a $38,635 decrease in revenue over 2017. Members contributed $540,593, or 30.6 percent, in 2018. Another $1 came from other unspecified sources.

Evergreen Park Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$929,407$825,601$1,037,487$1,268,456$1,227,06332%
Pension members$533,073$513,170$559,357$537,733$540,5931.4%
Other Revenue$0$563$503$103$1-
Total$1,462,480$1,339,334$1,597,347$1,806,292$1,767,65720.9%

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