Analysis: Romeoville pays $2.91 for every $1 pensioners contribute to Romeoville Police Pension Fund

By Will County Gazette

Jul 31, 2020

Taxpayers contributed 74.2 percent of the $2,502,402 the Romeoville Police Pension Fund brought in 2018, or $2.91 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 $1,856,992 to the fund, which saw a $88,116 decrease in revenue over 2017. Members contributed $636,153, or 25.4 percent, in 2018. Another $9,257 came from other unspecified sources.

Romeoville Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,454,104	$1,526,555	$1,696,960	$1,991,448	$1,856,992	27.7%
Pension members	$540,985	$559,263	$552,258	$599,070	$636,153	17.6%
Other Revenue	$49	$403	-$-1	$0	$9,257	18791.8%
Total	$1,995,138	$2,086,221	$2,249,217	$2,590,518	$2,502,402	25.4%