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North Cook News

Friday, November 22, 2024

Analysis: Winnetka pays $5.48 for every $1 pensioners contribute to Winnetka Police Pension Fund

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Taxpayers contributed 84.6 percent of the $1,734,771 the Winnetka Police Pension Fund brought in 2018, or $5.48 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, Winnetka contributed $1,467,306 to the fund, which saw a $42,360 increase in revenue over 2017. Members contributed $267,464, or 15.4 percent, in 2018. Another $1 came from other unspecified sources.

Winnetka Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,095,000$1,159,177$1,307,493$1,423,835$1,467,30634%
Pension members$249,185$252,560$288,079$268,576$267,4647.3%
Other Revenue$0$0-$-1$0$1-
Total$1,344,185$1,411,737$1,595,571$1,692,411$1,734,77129.1%

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