Analysis: Glencoe pays $4.59 for every $1 pensioners contribute to Glencoe Police Pension Fund

By Local Labs News Service

May 23, 2018

Taxpayers contributed 82.1 percent of the $1,902,955 the Glencoe Police Pension Fund brought in last year, or $4.59 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, Glencoe contributed $1,562,863 to the fund, which saw a $102,996 increase in revenue over 2015. Members contributed $340,092, or 17.9 percent, in 2016.

Glencoe Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,632,363	$1,471,318	$1,652,932	$1,482,314	$1,562,863	-4.3%
Pension members	$308,610	$315,384	$311,510	$317,645	$340,092	10.2%
Other Revenue	$16,264	-$11,031	$7,684	$0	$0	-100%
Total	$1,957,237	$1,775,671	$1,972,126	$1,799,959	$1,902,955	-2.8%