North Cook News

North Cook News

Sunday, March 29, 2020

Analysis: Northfield pays $7.40 for every $1 pensioners contribute to Northfield Police Pension Fund

Local Government

By Local Labs News Service | Jun 3, 2018

Budget 09

Taxpayers contributed 88.1 percent of the $1,728,761 the Northfield Police Pension Fund brought in last year, or $7.40 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, Northfield contributed $1,523,140 to the fund, which saw a $627,007 increase in revenue over 2015. Members contributed $205,621, or 11.9 percent, in 2016.

Northfield Police Pension Fund revenue over 5 years
2012
2013
2014
2015
2016
Change 2012-2016
Municipality
$657,518
$699,232
$750,796
$827,220
$1,523,140
131.6%
Pension members
$169,141
$451,929
$179,402
$185,512
$205,621
21.6%
Other Revenue
-$9,144
$6,038
$0
$89,022
$0
100%
Total
$817,515
$1,157,199
$930,198
$1,101,754
$1,728,761
111.5%

Want to get notified whenever we write about Northfield Police Pension Fund ?

Sign-up Next time we write about Northfield Police Pension Fund, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Northfield Police Pension Fund

More News