Analysis: Alsip pays $7.88 for every $1 pensioners contribute to Alsip Police Pension Fund

By South Cook News

Jul 2, 2020

Taxpayers contributed 88.7 percent of the $3,017,280 the Alsip Police Pension Fund brought in 2018, or $7.88 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, Alsip contributed $2,677,597 to the fund, which saw a $41,873 increase in revenue over 2017. Members contributed $339,682, or 11.3 percent, in 2018. Another $1 came from other unspecified sources.

Alsip Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,973,625	$2,214,723	$2,388,524	$2,572,942	$2,677,597	35.7%
Pension members	$332,713	$412,352	$351,042	$402,465	$339,682	2.1%
Other Revenue	$0	$0	$1	$0	$1	-
Total	$2,306,338	$2,627,075	$2,739,567	$2,975,407	$3,017,280	30.8%