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North Cook News

Tuesday, November 5, 2024

Analysis: Des Plaines pays $5.80 for every $1 pensioners contribute to Des Plaines Police Pension Fund

Budget04

Taxpayers contributed 85.3 percent of the $5,900,571 the Des Plaines Police Pension Fund brought in last year, or $5.80 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Des Plaines contributed $5,036,133 to the fund, which saw a $703,318 increase in revenue over 2015. Members contributed $866,905, or 14.7 percent, in 2016.

Des Plaines Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$3,542,231$3,921,472$4,154,166$4,304,873$5,036,13342.2%
Pension members$1,001,350$776,810$879,904$904,529$866,905-13.4%
Other Revenue-$2,741-$43,274$6,871-$12,149-$2,46710%
Total$4,540,840$4,655,008$5,040,941$5,197,253$5,900,57129.9%

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