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North Cook News

Sunday, November 17, 2024

Analysis: Buffalo Grove pays $3.90 for every $1 pensioners contribute to Buffalo Grove Police Pension Fund

Budget 11

Taxpayers contributed 79 percent of the $3,076,927 the Buffalo Grove Police Pension Fund brought in last year, or $3.90 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, Buffalo Grove contributed $2,430,017 to the fund, which saw a $124,579 increase in revenue over 2015. Members contributed $622,198, or 20.2 percent, in 2016. Another $24,712 came from other unspecified sources.

Buffalo Grove Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,192,860$2,228,447$2,083,757$2,284,316$2,430,01710.8%
Pension members$672,100$568,266$654,674$669,027$622,198-7.4%
Other Revenue$88$21,831-$3,361-$995$24,71227981.8%
Total$2,865,048$2,818,544$2,735,070$2,952,348$3,076,9277.4%

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