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South Cook News

Friday, November 22, 2024

Analysis: Blue Island pays $6.49 for every $1 pensioners contribute to Blue Island Police Pension Fund

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Taxpayers contributed 86.4 percent of the $2,058,512 the Blue Island Police Pension Fund brought in 2018, or $6.49 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, Blue Island contributed $1,778,991 to the fund, which saw a $229,849 increase in revenue over 2017. Members contributed $274,014, or 13.3 percent, in 2018. Another $5,507 came from other unspecified sources.

Blue Island Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$698,837$1,393,531$1,451,138$1,549,657$1,778,991154.6%
Pension members$157,311$270,367$266,787$272,179$274,01474.2%
Other Revenue$40,210-$2,992-$1,173$6,827$5,507-86.3%
Total$896,358$1,660,906$1,716,752$1,828,663$2,058,512129.7%

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