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Kane County Reporter

Friday, November 22, 2024

Analysis: Sugar Grove pays $2.91 for every $1 pensioners contribute to Sugar Grove Police Pension Fund

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Taxpayers contributed 74.2 percent of the $362,430 the Sugar Grove Police Pension Fund brought in last year, or $2.91 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, Sugar Grove contributed $269,002 to the fund, which saw a $5,040 decrease in revenue over 2015. Members contributed $92,439, or 25.5 percent, in 2016. Another $989 came from other unspecified sources.

Sugar Grove Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$222,543$248,222$276,383$272,891$269,00220.9%
Pension members$88,839$86,330$89,087$94,268$92,4394.1%
Other Revenue$2,219-$18-$2,191$311$989-55.4%
Total$313,601$334,534$363,279$367,470$362,43015.6%

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