Analysis: Palatine pays $3.35 for every $1 pensioners contribute to Palatine Police Pension Fund

By Local Labs News Service

Jun 4, 2018

Taxpayers contributed 77 percent of the $4,595,096 the Palatine Police Pension Fund brought in last year, or $3.35 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, Palatine contributed $3,538,272 to the fund, which saw a $189,439 increase in revenue over 2015. Members contributed $1,055,702, or 23 percent, in 2016. Another $1,122 came from other unspecified sources.

Palatine Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$3,016,974	$2,969,877	$2,951,135	$3,371,172	$3,538,272	17.3%
Pension members	$1,028,354	$996,348	$1,356,475	$1,034,219	$1,055,702	2.7%
Other Revenue	$0	$81	$244	$266	$1,122	-
Total	$4,045,328	$3,966,306	$4,307,854	$4,405,657	$4,595,096	13.6%