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Sunday, November 17, 2024

Analysis: Bartlett pays $2.50 for every $1 pensioners contribute to Bartlett Police Pension Fund

Budget 08

Taxpayers contributed 71.4 percent of the $1,836,180 the Bartlett Police Pension Fund brought in last year, or $2.50 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Bartlett contributed $1,311,249 to the fund, which saw a $96,903 increase in revenue over 2015. Members contributed $524,083, or 28.5 percent, in 2016. Another $848 came from other unspecified sources.

Bartlett Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,214,215$1,308,261$1,240,236$1,222,637$1,311,2498%
Pension members$437,328$449,565$476,822$512,357$524,08319.8%
Other Revenue$0$0$0$4,283$848-
Total$1,651,543$1,757,826$1,717,058$1,739,277$1,836,18011.2%

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