Analysis: Calumet Park pays $4.51 for every $1 pensioners contribute to Calumet Park Police Pension Fund

By South Cook News

Jul 12, 2020

Taxpayers contributed 81.9 percent of the $727,235 the Calumet Park Police Pension Fund brought in 2018, or $4.51 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, Calumet Park contributed $595,324 to the fund, which saw a $33,637 decrease in revenue over 2017. Members contributed $131,911, or 18.1 percent, in 2018.

Calumet Park Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$535,696	$531,920	$665,596	$637,049	$595,324	11.1%
Pension members	$140,939	$126,535	$127,409	$123,824	$131,911	-6.4%
Other Revenue	$1	$0	$0	-$-1	$0	-100%
Total	$676,636	$658,455	$793,005	$760,872	$727,235	7.5%