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Will County Gazette

Saturday, May 18, 2024

Analysis: Romeoville pays $3.07 for every $1 pensioners contribute to Romeoville Police Pension Fund

Budget 06

Taxpayers contributed 75.4 percent of the $2,249,217 the Romeoville Police Pension Fund brought in last year, or $3.07 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, Romeoville contributed $1,696,960 to the fund, which saw a $162,996 increase in revenue over 2015. Members contributed $552,258, or 24.6 percent, in 2016.

Romeoville Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,555,002$1,365,555$1,454,104$1,526,555$1,696,9609.1%
Pension members$496,773$536,615$540,985$559,263$552,25811.2%
Other Revenue$0$819$49$403-$-1-
Total$2,051,775$1,902,989$1,995,138$2,086,221$2,249,2179.6%

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