Analysis: St. Charles pays $4.29 for every $1 pensioners contribute to St. Charles Police Pension Fund

By Kane County Reporter

Jul 25, 2020

Taxpayers contributed 81.1 percent of the $2,812,946 the St. Charles Police Pension Fund brought in 2018, or $4.29 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 $2,281,640 to the fund, which saw a $205,274 increase in revenue over 2017. Members contributed $531,282, or 18.9 percent, in 2018. Another $24 came from other unspecified sources.

St. Charles Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,317,164	$1,495,524	$1,540,294	$1,980,740	$2,281,640	73.2%
Pension members	$458,352	$479,600	$506,838	$626,881	$531,282	15.9%
Other Revenue	$74	$34	$49	$51	$24	-67.6%
Total	$1,775,590	$1,975,158	$2,047,181	$2,607,672	$2,812,946	58.4%