Quantcast

North Cook News

Tuesday, November 5, 2024

Analysis: Niles pays $5.48 for every $1 pensioners contribute to Niles Police Pension Fund

Budget06

Taxpayers contributed 84.5 percent of the $3,852,265 the Niles Police Pension Fund brought in last year, or $5.48 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, Niles contributed $3,256,499 to the fund, which saw a $186,957 increase in revenue over 2015. Members contributed $593,810, or 15.4 percent, in 2016. Another $1,956 came from other unspecified sources.

Niles Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,193,600$2,616,979$3,092,178$3,185,626$3,256,49948.5%
Pension members$497,075$514,279$510,871$508,891$593,81019.5%
Other Revenue-$-1$60$50-$29,209$1,956195700%
Total$2,690,674$3,131,318$3,603,099$3,665,308$3,852,26543.2%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS