Analysis: Elk Grove Village pays $5.06 for every $1 pensioners contribute to Elk Grove Village Police Pension Fund

By Local Labs News Service

May 21, 2018

Taxpayers contributed 83.5 percent of the $5,052,003 the Elk Grove Village Police Pension Fund brought in last year, or $5.06 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, Elk Grove Village contributed $4,218,512 to the fund, which saw a $121,181 increase in revenue over 2015. Members contributed $833,491, or 16.5 percent, in 2016.

Elk Grove Village Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,289,437	$2,481,267	$2,686,631	$4,145,566	$4,218,512	84.3%
Pension members	$723,723	$735,658	$753,997	$785,257	$833,491	15.2%
Other Revenue	$89	$1,072	$538,456	-$-1	$0	-100%
Total	$3,013,249	$3,217,997	$3,979,084	$4,930,822	$5,052,003	67.7%