Analysis: Carpentersville pays $4.60 for every $1 pensioners contribute to Carpentersville Police Pension Fund

By Kane County Reporter

Jul 9, 2020

Taxpayers contributed 82.2 percent of the $3,152,551 the Carpentersville Police Pension Fund brought in 2018, or $4.60 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, Carpentersville contributed $2,592,632 to the fund, which saw a $14,334 decrease in revenue over 2017. Members contributed $562,893, or 17.9 percent, in 2018.

Carpentersville Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,768,692	$2,085,015	$2,346,705	$2,615,967	$2,592,632	46.6%
Pension members	$551,078	$374,280	$531,488	$544,302	$562,893	2.1%
Other Revenue	-$7,599	-$22,484	-$17,397	$6,616	-$2,974	60.9%
Total	$2,312,171	$2,436,811	$2,860,796	$3,166,885	$3,152,551	36.3%