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Sunday, November 17, 2024

Analysis: Glenview pays $3.07 for every $1 pensioners contribute to Glenview Police Pension Fund

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Taxpayers contributed 74.8 percent of the $3,340,450 the Glenview Police Pension Fund brought in last year, or $3.07 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, Glenview contributed $2,497,041 to the fund, which saw a $4,959,190 decrease in revenue over 2015. Members contributed $812,961, or 24.3 percent, in 2016. Another $30,448 came from other unspecified sources.

Glenview Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,812,692$1,628,344$1,953,494$7,494,545$2,497,04137.8%
Pension members$663,702$677,024$686,942$777,705$812,96122.5%
Other Revenue$23,479$26,067-$8,078$27,390$30,44829.7%
Total$2,499,873$2,331,435$2,632,358$8,299,640$3,340,45033.6%

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