Analysis: Gilberts pays $4.90 for every $1 pensioners contribute to Gilberts Police Pension Fund

By Kane County Reporter

Jul 15, 2020

Taxpayers contributed 83.1 percent of the $368,133 the Gilberts Police Pension Fund brought in 2018, or $4.90 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, Gilberts contributed $305,825 to the fund, which saw a $65,628 increase in revenue over 2017. Members contributed $62,308, or 16.9 percent, in 2018.

Gilberts Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$98,944	$113,747	$117,040	$246,974	$305,825	209.1%
Pension members	$48,367	$49,423	$52,985	$55,531	$62,308	28.8%
Other Revenue	$0	$0	-$-1	$0	$0	-
Total	$147,311	$163,170	$170,024	$302,505	$368,133	149.9%