Analysis: South Elgin pays $4.33 for every $1 pensioners contribute to South Elgin Police Pension Fund

By Kane County Reporter

Jul 23, 2020

Taxpayers contributed 80.8 percent of the $1,555,056 the South Elgin Police Pension Fund brought in 2018, or $4.33 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 $1,256,372 to the fund, which saw a $241,514 increase in revenue over 2017. Members contributed $289,946, or 18.6 percent, in 2018. Another $8,738 came from other unspecified sources.

South Elgin Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$712,736	$774,500	$814,000	$1,033,152	$1,256,372	76.3%
Pension members	$253,572	$289,456	$275,179	$280,195	$289,946	14.3%
Other Revenue	-$1,740	$1,369	-$2,372	$195	$8,738	602.2%
Total	$964,568	$1,065,325	$1,086,807	$1,313,542	$1,555,056	61.2%