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North Cook News

Sunday, December 22, 2024

Analysis: Rolling Meadows pays $6.57 for every $1 pensioners contribute to Rolling Meadows Police Pension Fund

Budget04

Taxpayers contributed 87 percent of the $3,568,593 the Rolling Meadows Police Pension Fund brought in last year, or $6.57 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, Rolling Meadows contributed $3,104,921 to the fund, which saw a $560,951 increase in revenue over 2015. Members contributed $472,132, or 13.2 percent, in 2016.

Rolling Meadows Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,348,938$2,427,061$2,483,648$2,547,497$3,104,92132.2%
Pension members$471,785$460,025$507,162$469,521$472,1320.1%
Other Revenue$48,980$34,097$9,477-$9,376-$8,460-117.3%
Total$2,869,703$2,921,183$3,000,287$3,007,642$3,568,59324.4%

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