Analysis: Sugar Grove pays $3.77 for every $1 pensioners contribute to Sugar Grove Police Pension Fund

By Kane County Reporter

Jul 27, 2020

Taxpayers contributed 78.7 percent of the $453,029 the Sugar Grove Police Pension Fund brought in 2018, or $3.77 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 $356,414 to the fund, which saw a $37,617 increase in revenue over 2017. Members contributed $94,437, or 20.8 percent, in 2018. Another $2,178 came from other unspecified sources.

Sugar Grove Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$276,383	$272,891	$269,002	$329,974	$356,414	29%
Pension members	$89,087	$94,268	$92,439	$86,013	$94,437	6%
Other Revenue	-$2,191	$311	$989	-$575	$2,178	199.4%
Total	$363,279	$367,470	$362,430	$415,412	$453,029	24.7%