Analysis: Skokie pays $3.15 for every $1 pensioners contribute to Skokie Police Pension Fund

By North Cook News

Aug 23, 2020

Taxpayers contributed 75.4 percent of the $4,734,704 the Skokie Police Pension Fund brought in 2018, or $3.15 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, Skokie contributed $3,571,063 to the fund, which saw a $171,353 increase in revenue over 2017. Members contributed $1,132,608, or 23.9 percent, in 2018. Another $31,033 came from other unspecified sources.

Skokie Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,544,269	$2,165,945	$2,208,070	$3,424,615	$3,571,063	131.2%
Pension members	$965,475	$1,058,416	$1,059,517	$1,127,262	$1,132,608	17.3%
Other Revenue	-$11,507	-$17,954	-$42,163	$11,474	$31,033	369.7%
Total	$2,498,237	$3,206,407	$3,225,424	$4,563,351	$4,734,704	89.5%