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North Cook News

Friday, November 22, 2024

Analysis: Evanston pays $5.45 for every $1 pensioners contribute to Evanston Police Pension Fund

Budget 07

Taxpayers contributed 84.5 percent of the $11,182,564 the Evanston Police Pension Fund brought in last year, or $5.45 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, Evanston contributed $9,450,823 to the fund, which saw a $923,530 increase in revenue over 2015. Members contributed $1,731,740, or 15.5 percent, in 2016. Another $1 came from other unspecified sources.

Evanston Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$8,653,717$8,463,224$8,644,196$8,804,264$9,450,8239.2%
Pension members$1,654,976$1,759,216$1,565,053$1,454,770$1,731,7404.6%
Other Revenue$0$0$0$0$1-
Total$10,308,693$10,222,440$10,209,249$10,259,034$11,182,5648.5%

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