Analysis: Park Ridge pays $4.19 for every $1 pensioners contribute to Park Ridge Police Pension Fund

By Local Labs News Service

Jun 6, 2018

Taxpayers contributed 80.8 percent of the $2,509,804 the Park Ridge Police Pension Fund brought in last year, or $4.19 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, Park Ridge contributed $2,027,060 to the fund, which saw a $227,425 increase in revenue over 2015. Members contributed $482,744, or 19.2 percent, in 2016.

Park Ridge Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,024,155	$1,587,617	$1,624,064	$1,713,170	$2,027,060	0.1%
Pension members	$410,373	$432,199	$452,525	$569,210	$482,744	17.6%
Other Revenue	$0	$25	$0	-$-1	$0	-
Total	$2,434,528	$2,019,841	$2,076,589	$2,282,379	$2,509,804	3.1%