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North Cook News

Sunday, December 22, 2024

Analysis: Norridge pays $3.26 for every $1 pensioners contribute to Norridge Police Pension Fund

Budget007

Taxpayers contributed 76.6 percent of the $1,512,267 the Norridge Police Pension Fund brought in 2018, or $3.26 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 $1,157,860 to the fund, which saw a $35,475 increase in revenue over 2017. Members contributed $354,407, or 23.4 percent, in 2018.

Norridge Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$918,703$1,028,552$1,084,796$1,148,468$1,157,86026%
Pension members$323,382$330,106$327,651$328,325$354,4079.6%
Other Revenue$0$0-$-1-$-1$0-
Total$1,242,085$1,358,658$1,412,446$1,476,792$1,512,26721.8%

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