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North Cook News

Friday, November 22, 2024

Analysis: South Barrington pays $7.14 for every $1 pensioners contribute to South Barrington Police Pension Fund

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Taxpayers contributed 87.7 percent of the $1,069,209 the South Barrington Police Pension Fund brought in last year, or $7.14 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, South Barrington contributed $937,886 to the fund, which saw a $329,248 increase in revenue over 2015. Members contributed $131,323, or 12.3 percent, in 2016.

South Barrington Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$569,801$513,634$495,542$596,898$937,88664.6%
Pension members$154,858$157,408$145,364$143,063$131,323-15.2%
Other Revenue$3,272$0$0$0$0-100%
Total$727,931$671,042$640,906$739,961$1,069,20946.9%

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