Analysis: New Lenox pays $2.96 for every $1 pensioners contribute to New Lenox Police Pension Fund

By Local Labs News Service

Jun 1, 2018

Taxpayers contributed 74.9 percent of the $1,384,372 the New Lenox Police Pension Fund brought in last year, or $2.96 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, New Lenox contributed $1,036,551 to the fund, which saw a $151,180 increase in revenue over 2015. Members contributed $349,488, or 25.2 percent, in 2016.

New Lenox Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$797,917	$725,623	$816,376	$898,871	$1,036,551	29.9%
Pension members	$323,073	$288,154	$305,015	$327,606	$349,488	8.2%
Other Revenue	$0	$269	-$113	$6,715	-$1,667	-
Total	$1,120,990	$1,014,046	$1,121,278	$1,233,192	$1,384,372	23.5%