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Rockford Sun

Friday, November 22, 2024

Analysis: Loves Park pays $4.03 for every $1 pensioners contribute to Loves Park Police Pension Fund

Budget007

Taxpayers contributed 80.1 percent of the $1,208,742 the Loves Park Police Pension Fund brought in last year, or $4.03 for every $1 from pension members, according to a Rockford Sun analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Loves Park contributed $968,800 to the fund, which saw a $213,346 increase in revenue over 2015. Members contributed $239,942, or 19.9 percent, in 2016.

Loves Park Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$250,000$350,000$800,000$775,000$968,800287.5%
Pension members$212,546$212,930$215,436$220,396$239,94212.9%
Other Revenue$0$0$0$0$0-
Total$462,546$562,930$1,015,436$995,396$1,208,742161.3%

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