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Kane County Reporter

Monday, April 7, 2025

Analysis: Gilberts pays $2.20 for every $1 pensioners contribute to Gilberts Police Pension Fund

Budget 08

Taxpayers contributed 68.8 percent of the $170,024 the Gilberts Police Pension Fund brought in last year, or $2.20 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, Gilberts contributed $117,040 to the fund, which saw a $6,854 increase in revenue over 2015. Members contributed $52,985, or 31.2 percent, in 2016.

Gilberts Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$74,249$93,093$98,944$113,747$117,04057.6%
Pension members$41,265$45,935$48,367$49,423$52,98528.4%
Other Revenue$0$0$0$0-$-1-
Total$115,514$139,028$147,311$163,170$170,02447.2%

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