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South Cook News

Tuesday, November 5, 2024

Analysis: Crestwood pays $6.01 for every $1 pensioners contribute to Crestwood Police Pension Fund

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Taxpayers contributed 85.8 percent of the $360,274 the Crestwood Police Pension Fund brought in 2018, or $6.01 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, Crestwood contributed $308,936 to the fund, which saw a $84,965 increase in revenue over 2017. Members contributed $51,338, or 14.2 percent, in 2018.

Crestwood Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$97,719$164,611$201,573$237,680$308,936216.1%
Pension members$17,050$25,562$29,822$37,629$51,338201.1%
Other Revenue$0$0$1$0$0-
Total$114,769$190,173$231,396$275,309$360,274213.9%

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