Quantcast

North Cook News

Monday, February 24, 2025

Analysis: Streamwood pays $4.87 for every $1 pensioners contribute to Streamwood Police Pension Fund

Webp budget 09

Taxpayers contributed 82.9 percent of the $3,157,655 the Streamwood Police Pension Fund brought in 2018, or $4.87 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, Streamwood contributed $2,618,336 to the fund, which saw a $156,903 decrease in revenue over 2017. Members contributed $537,369, or 17 percent, in 2018. Another $1,950 came from other unspecified sources.

Streamwood Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,773,477$1,814,239$2,265,811$2,775,780$2,618,33647.6%
Pension members$513,718$528,478$627,142$536,828$537,3694.6%
Other Revenue$1$0$2,287$1,950$1,950194900%
Total$2,287,196$2,342,717$2,895,240$3,314,558$3,157,65538.1%

MORE NEWS