Analysis: Lockport pays $3.57 for every $1 pensioners contribute to Lockport Township FPD Pension Fund

By Will County Gazette

Jul 17, 2020

Taxpayers contributed 78.1 percent of the $3,961,381 the Lockport Township FPD Pension Fund brought in 2018, or $3.57 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, Lockport contributed $3,094,587 to the fund, which saw a $325,144 increase in revenue over 2017. Members contributed $866,043, or 21.9 percent, in 2018. Another $751 came from other unspecified sources.

Lockport Township FPD Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,528,090	$2,658,209	$2,721,929	$2,793,876	$3,094,587	22.4%
Pension members	$744,400	$779,188	$828,675	$842,359	$866,043	16.3%
Other Revenue	$610	$1	$37	$2	$751	23.1%
Total	$3,273,100	$3,437,398	$3,550,641	$3,636,237	$3,961,381	21%