Analysis: Park Ridge pays $4.34 for every $1 pensioners contribute to Park Ridge Police Pension Fund

By North Cook News

Aug 15, 2020

Taxpayers contributed 81.3 percent of the $2,771,632 the Park Ridge Police Pension Fund brought in 2018, or $4.34 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 $2,252,706 to the fund, which saw a $233,847 increase in revenue over 2017. Members contributed $518,500, or 18.7 percent, in 2018. Another $426 came from other unspecified sources.

Park Ridge Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,624,064	$1,713,170	$2,027,060	$2,061,179	$2,252,706	38.7%
Pension members	$452,525	$569,210	$482,744	$476,433	$518,500	14.6%
Other Revenue	$0	-$-1	$0	$173	$426	-
Total	$2,076,589	$2,282,379	$2,509,804	$2,537,785	$2,771,632	33.5%