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

By Local Labs News Service

Jun 3, 2018

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%