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South Cook News

Friday, November 22, 2024

Analysis: Chicago Ridge pays $6.54 for every $1 pensioners contribute to Chicago Ridge Police Pension Fund

Budget 06

Taxpayers contributed 86.6 percent of the $2,190,696 the Chicago Ridge Police Pension Fund brought in 2018, or $6.54 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, Chicago Ridge contributed $1,896,777 to the fund, which saw a $101,876 increase in revenue over 2017. Members contributed $289,709, or 13.2 percent, in 2018. Another $4,210 came from other unspecified sources.

Chicago Ridge Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,635,483$1,707,637$1,781,037$1,808,159$1,896,77716%
Pension members$254,381$259,280$271,320$281,418$289,70913.9%
Other Revenue$247,997$6,913-$1,463-$757$4,210-98.3%
Total$2,137,861$1,973,830$2,050,894$2,088,820$2,190,6962.5%

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