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South Cook News

Friday, November 22, 2024

Analysis: Bridgeview pays $4.72 for every $1 pensioners contribute to Bridgeview Police Pension Fund

Budget04

Taxpayers contributed 82.5 percent of the $1,702,203 the Bridgeview Police Pension Fund brought in 2018, or $4.72 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, Bridgeview contributed $1,405,000 to the fund, which saw a $73,403 increase in revenue over 2017. Members contributed $297,187, or 17.5 percent, in 2018. Another $16 came from other unspecified sources.

Bridgeview Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,168,821$1,335,459$1,365,392$1,320,200$1,405,00020.2%
Pension members$269,336$277,371$267,127$308,600$297,18710.3%
Other Revenue$0$50$51$0$16-
Total$1,438,157$1,612,880$1,632,570$1,628,800$1,702,20318.4%

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