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

By Local Labs News Service

Jun 13, 2018

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%