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North Cook News

Sunday, December 22, 2024

Analysis: Rolling Meadows pays $6.87 for every $1 pensioners contribute to Rolling Meadows Police Pension Fund

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Taxpayers contributed 87.1 percent of the $3,994,160 the Rolling Meadows Police Pension Fund brought in 2018, or $6.87 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, Rolling Meadows contributed $3,480,637 to the fund, which saw a $101,379 decrease in revenue over 2017. Members contributed $505,917, or 12.7 percent, in 2018. Another $7,606 came from other unspecified sources.

Rolling Meadows Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,483,648$2,547,497$3,104,921$3,607,352$3,480,63740.1%
Pension members$507,162$469,521$472,132$482,643$505,917-0.2%
Other Revenue$9,477-$9,376-$8,460$5,544$7,606-19.7%
Total$3,000,287$3,007,642$3,568,593$4,095,539$3,994,16033.1%

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