Analysis: Shorewood pays $2.86 for every $1 pensioners contribute to Shorewood Police Pension Fund

By Local Labs News Service

Jun 9, 2018

Taxpayers contributed 74.2 percent of the $789,447 the Shorewood Police Pension Fund brought in last year, or $2.86 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, Shorewood contributed $585,391 to the fund, which saw a $21,781 increase in revenue over 2015. Members contributed $204,056, or 25.8 percent, in 2016.

Shorewood Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$561,806	$552,072	$528,674	$566,705	$585,391	4.2%
Pension members	$178,224	$181,860	$192,284	$200,961	$204,056	14.5%
Other Revenue	$2,118	$3,689	$622	$0	$0	-100%
Total	$742,148	$737,621	$721,580	$767,666	$789,447	6.4%