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Kane County Reporter

Friday, November 22, 2024

Analysis: Geneva pays $3.13 for every $1 pensioners contribute to Geneva Police Pension Fund

Budget01

Taxpayers contributed 75.6 percent of the $1,513,814 the Geneva Police Pension Fund brought in last year, or $3.13 for every $1 from pension members, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Geneva contributed $1,144,355 to the fund, which saw a $46,699 decrease in revenue over 2015. Members contributed $365,178, or 24.1 percent, in 2016. Another $4,281 came from other unspecified sources.

Geneva Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$486,730$597,060$948,170$1,247,900$1,144,355135.1%
Pension members$282,918$290,081$377,004$314,018$365,17829.1%
Other Revenue$0$24,103-$4,714-$1,405$4,281-
Total$769,648$911,244$1,320,460$1,560,513$1,513,81496.7%

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