Analysis: Palatine pays $3.69 for every $1 pensioners contribute to Palatine Police Pension Fund

By North Cook News

Aug 12, 2020

Taxpayers contributed 78.7 percent of the $5,490,555 the Palatine Police Pension Fund brought in 2018, or $3.69 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, Palatine contributed $4,322,198 to the fund, which saw a $398,761 increase in revenue over 2017. Members contributed $1,168,307, or 21.3 percent, in 2018. Another $50 came from other unspecified sources.

Palatine Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,951,135	$3,371,172	$3,538,272	$4,043,020	$4,322,198	46.5%
Pension members	$1,356,475	$1,034,219	$1,055,702	$1,048,695	$1,168,307	-13.9%
Other Revenue	$244	$266	$1,122	$79	$50	-79.5%
Total	$4,307,854	$4,405,657	$4,595,096	$5,091,794	$5,490,555	27.5%