Will County Gazette

Will County Gazette

Sunday, February 16, 2020

Analysis: University Park pays $2.53 for every $1 pensioners contribute to University Park Policemen's Pension Fund

Local Government

By Local Labs News Service | Jun 12, 2018

Budget 09

Taxpayers contributed 71.7 percent of the $569,815 the University Park Policemen's Pension Fund brought in last year, or $2.53 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, University Park contributed $408,503 to the fund, which saw a $254,459 increase in revenue over 2015. Members contributed $161,311, or 28.3 percent, in 2016. Another $1 came from other unspecified sources.

University Park Policemen's Pension Fund revenue over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$175,127
$25,811
$150,632
$176,045
$408,503
133.3%
Pension members
$114,086
$124,090
$149,582
$139,311
$161,311
41.4%
Other Revenue
$0
$550
$0
$0
$1
-
Total
$289,213
$150,451
$300,214
$315,356
$569,815
97%

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Organizations in this Story

University Park Policemen's Pension Fund

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