Analysis: Geneva pays $4.07 for every $1 pensioners contribute to Geneva Police Pension Fund

By Kane County Reporter

Jul 14, 2020

Taxpayers contributed 79.8 percent of the $1,711,492 the Geneva Police Pension Fund brought in 2018, or $4.07 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, Geneva contributed $1,365,906 to the fund, which saw a $25,696 increase in revenue over 2017. Members contributed $335,276, or 19.6 percent, in 2018. Another $10,310 came from other unspecified sources.

Geneva Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$948,170	$1,247,900	$1,144,355	$1,365,906	$1,365,906	44.1%
Pension members	$377,004	$314,018	$365,178	$319,653	$335,276	-11.1%
Other Revenue	-$4,714	-$1,405	$4,281	$237	$10,310	318.7%
Total	$1,320,460	$1,560,513	$1,513,814	$1,685,796	$1,711,492	29.6%