Analysis: Schaumburg pays $3.50 for every $1 pensioners contribute to Schaumburg Police Pension Fund

By Local Labs News Service

Jun 9, 2018

Taxpayers contributed 77.8 percent of the $5,837,338 the Schaumburg Police Pension Fund brought in last year, or $3.50 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, Schaumburg contributed $4,541,539 to the fund, which saw a $130,513 increase in revenue over 2015. Members contributed $1,295,799, or 22.2 percent, in 2016.

Schaumburg Police Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$4,082,266	$3,881,928	$4,158,651	$4,248,143	$4,541,539	11.3%
Pension members	$1,050,323	$1,094,661	$1,066,227	$1,458,682	$1,295,799	23.4%
Other Revenue	$1	$0	-$-1	$0	$0	-100%
Total	$5,132,590	$4,976,589	$5,224,877	$5,706,825	$5,837,338	13.7%