Analysis: South Elgin pays $2.95 for every $1 pensioners contribute to South Elgin Police Pension Fund

By Local Labs News Service

Jun 7, 2018

Taxpayers contributed 74.9 percent of the $1,086,807 the South Elgin Police Pension Fund brought in last year, or $2.95 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, South Elgin contributed $814,000 to the fund, which saw a $21,482 increase in revenue over 2015. Members contributed $275,179, or 25.3 percent, in 2016.

South Elgin Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$645,525	$650,000	$712,736	$774,500	$814,000	26.1%
Pension members	$547,771	$253,688	$253,572	$289,456	$275,179	-49.8%
Other Revenue	$1,579	-$1,140	-$1,740	$1,369	-$2,372	-250.2%
Total	$1,194,875	$902,548	$964,568	$1,065,325	$1,086,807	-9%