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Kane County Reporter

Monday, December 23, 2024

Analysis: St. Charles pays $3.03 for every $1 pensioners contribute to St Charles Police Pension Fund

Budget 12

Taxpayers contributed 75.2 percent of the $2,047,181 the St Charles Police Pension Fund brought in last year, or $3.03 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, St. Charles contributed $1,540,294 to the fund, which saw a $72,023 increase in revenue over 2015. Members contributed $506,838, or 24.8 percent, in 2016. Another $49 came from other unspecified sources.

St Charles Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,356,539$1,226,047$1,317,164$1,495,524$1,540,29413.5%
Pension members$479,575$485,647$458,352$479,600$506,8385.7%
Other Revenue-$4,168$13,744$74$34$49101.2%
Total$1,831,946$1,725,438$1,775,590$1,975,158$2,047,18111.7%

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