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Will County Gazette

Sunday, December 22, 2024

Analysis: Lockport pays $4.56 for every $1 pensioners contribute to Lockport Police Pension Fund

Budget04

Taxpayers contributed 82 percent of the $1,874,990 the Lockport Police Pension Fund brought in 2018, or $4.56 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 $1,538,000 to the fund, which saw a $48,844 increase in revenue over 2017. Members contributed $336,990, or 18 percent, in 2018.

Lockport Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$555,813$1,212,200$1,410,000$1,498,000$1,538,000176.7%
Pension members$230,228$327,609$320,152$328,146$336,99046.4%
Other Revenue$0$0$1$0$0-
Total$786,041$1,539,809$1,730,153$1,826,146$1,874,990138.5%

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