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Friday, November 22, 2024

Analysis: Kenilworth pays $8.69 for every $1 pensioners contribute to Kenilworth Police Pension Fund

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Taxpayers contributed 89.6 percent of the $787,057 the Kenilworth Police Pension Fund brought in last year, or $8.69 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, Kenilworth contributed $705,080 to the fund, which saw a $93,454 decrease in revenue over 2015. Members contributed $81,078, or 10.3 percent, in 2016. Another $899 came from other unspecified sources.

Kenilworth Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$156,418$527,109$355,989$800,144$705,080350.8%
Pension members$51,175$74,315$123,705$79,967$81,07858.4%
Other Revenue$200-$5,430$1$400$899349.5%
Total$207,793$595,994$479,695$880,511$787,057278.8%

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