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Will County Gazette

Saturday, May 18, 2024

Analysis: Lockport pays $4.40 for every $1 pensioners contribute to Lockport Police Pension Fund

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Taxpayers contributed 81.5 percent of the $1,730,153 the Lockport Police Pension Fund brought in last year, or $4.40 for every $1 from pension members, according to a Will County Gazette analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Lockport contributed $1,410,000 to the fund, which saw a $190,344 increase in revenue over 2015. Members contributed $320,152, or 18.5 percent, in 2016. Another $1 came from other unspecified sources.

Lockport Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$747,943$741,792$555,813$1,212,200$1,410,00088.5%
Pension members$299,211$310,373$230,228$327,609$320,1527%
Other Revenue$0$0$0$0$1-
Total$1,047,154$1,052,165$786,041$1,539,809$1,730,15365.2%

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