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

By Will County Gazette

Jul 16, 2020

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

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$555,813	$1,212,200	$1,410,000	$1,498,000	$1,538,000	176.7%
Pension members	$230,228	$327,609	$320,152	$328,146	$336,990	46.4%
Other Revenue	$0	$0	$1	$0	$0	-
Total	$786,041	$1,539,809	$1,730,153	$1,826,146	$1,874,990	138.5%