Analysis: Romeoville pays $3.28 for every $1 pensioners contribute to Lockport Township Fpd Pension Fund

By Local Labs News Service

May 25, 2018

Taxpayers contributed 76.7 percent of the $3,550,641 the Lockport Township Fpd Pension Fund brought in last year, or $3.28 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 $2,721,929 to the fund, which saw a $113,243 increase in revenue over 2015. Members contributed $828,675, or 23.3 percent, in 2016. Another $37 came from other unspecified sources.

Lockport Township Fpd Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,900,525	$2,103,880	$2,528,090	$2,658,209	$2,721,929	43.2%
Pension members	$665,164	$708,246	$744,400	$779,188	$828,675	24.6%
Other Revenue	$0	$0	$610	$1	$37	-
Total	$2,565,689	$2,812,126	$3,273,100	$3,437,398	$3,550,641	38.4%