Politics & Government Darien To Pony Up $400K More For Cop Pensions The hike is attributed to poor investment returns and fewer-than-expected deaths of recipients.
Darien is expected to contribute nearly $3 million to its police pension fund next year, up by $400,000. (David Giuliani/Patch)
DARIEN, IL – Darien is likely to contribute $400,000 more to its police pension account next year.
That would bring the total to nearly $3 million, up from $2.6 million this year. In 2002, Darien contributed $200,000 to police pensions, according to state Department of Insurance reports. Seven years ago, the contribution was $1.4 million, less than half of what is proposed for next year.
Towns across the state have seen similar increases. According to actuary Jason Franken’s report, the Darien pension fund has had an
Darien To Pony Up $400K More For Cop Pensions
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