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North Cook News

Tuesday, May 21, 2024

Analysis: Lincolnwood pays $4.51 for every $1 pensioners contribute to Lincolnwood Police Pension Fund

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Taxpayers contributed 81.9 percent of the $2,032,457 the Lincolnwood Police Pension Fund brought in last year, or $4.51 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, Lincolnwood contributed $1,663,647 to the fund, which saw a $303,243 increase in revenue over 2015. Members contributed $368,810, or 18.1 percent, in 2016.

Lincolnwood Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,393,004$1,453,031$1,454,636$1,402,000$1,663,64719.4%
Pension members$270,588$264,575$306,261$327,215$368,81036.3%
Other Revenue$1-$17,051$0-$-1$0-100%
Total$1,663,593$1,700,555$1,760,897$1,729,214$2,032,45722.2%

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