Analysis: Schaumburg pays $3.97 for every $1 pensioners contribute to Hoffman Estates Police Pension Fund

By Local Labs News Service

May 27, 2018

Taxpayers contributed 80.1 percent of the $4,029,179 the Hoffman Estates Police Pension Fund brought in last year, or $3.97 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, Schaumburg contributed $3,228,471 to the fund, which saw a $492,996 increase in revenue over 2015. Members contributed $813,215, or 20.2 percent, in 2016.

Hoffman Estates Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,450,556	$2,525,766	$2,698,444	$2,670,802	$3,228,471	31.7%
Pension members	$1,194,862	$1,010,124	$1,026,505	$861,841	$813,215	-31.9%
Other Revenue	$0	$0	-$-1	$3,540	-$12,507	-
Total	$3,645,418	$3,535,890	$3,724,948	$3,536,183	$4,029,179	10.5%