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Analysis: Wilmette pays $4.21 for every $1 pensioners contribute to Wilmette Police Pension Fund

Local Government

By Local Labs News Service | Jun 13, 2018

Budget 05

Taxpayers contributed 80.8 percent of the $2,340,131 the Wilmette Police Pension Fund brought in last year, or $4.21 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, Wilmette contributed $1,891,000 to the fund, which saw a $137,102 increase in revenue over 2015. Members contributed $449,131, or 19.2 percent, in 2016.

Wilmette Police Pension Fund revenue over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$1,843,600
$1,800,000
$1,800,000
$1,763,100
$1,891,000
2.6%
Pension members
$404,142
$423,241
$423,565
$439,929
$449,131
11.1%
Other Revenue
$0
$0
$0
$0
$0
-
Total
$2,247,742
$2,223,241
$2,223,565
$2,203,029
$2,340,131
4.1%

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Organizations in this Story

Wilmette Police Pension Fund

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