Analysis: Norridge pays $3.31 for every $1 pensioners contribute to Norridge Police Pension Fund

By Local Labs News Service

May 31, 2018

Taxpayers contributed 76.8 percent of the $1,412,446 the Norridge Police Pension Fund brought in last year, or $3.31 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, Norridge contributed $1,084,796 to the fund, which saw a $53,788 increase in revenue over 2015. Members contributed $327,651, or 23.2 percent, in 2016.

Norridge Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,457,016	$1,104,540	$918,703	$1,028,552	$1,084,796	-25.5%
Pension members	$292,851	$301,942	$323,382	$330,106	$327,651	11.9%
Other Revenue	$0	$1	$0	$0	-$-1	-
Total	$1,749,867	$1,406,483	$1,242,085	$1,358,658	$1,412,446	-19.3%