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

By Local Labs News Service

Jun 8, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,555,002	$1,365,555	$1,454,104	$1,526,555	$1,696,960	9.1%
Pension members	$496,773	$536,615	$540,985	$559,263	$552,258	11.2%
Other Revenue	$0	$819	$49	$403	-$-1	-
Total	$2,051,775	$1,902,989	$1,995,138	$2,086,221	$2,249,217	9.6%