In all, Elgin contributed $7,991,936 to the fund, which saw a $1,104,504 decrease in revenue over 2015. Members contributed $1,815,304, or 18.5 percent, in 2016.
Elgin Police Pension Fund revenue over 5 years
| 2012 | 2013 | 2014 | 2015 | 2016 | Change 2012-2016 | |
|---|---|---|---|---|---|---|
| Municipality | $4,409,957 | $5,856,175 | $10,498,071 | $8,937,888 | $7,991,936 | 81.2% |
| Pension members | $1,964,679 | $1,639,765 | $2,111,231 | $1,950,540 | $1,815,304 | -7.6% |
| Other Revenue | -$15,745 | -$45,750 | -$1,461 | $14,325 | -$8,991 | 42.9% |
| Total | $6,358,891 | $7,450,190 | $12,607,841 | $10,902,753 | $9,798,249 | 54.1% |
Alerts Sign-up