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North Cook News

Friday, November 22, 2024

Analysis: Northfield pays $5.55 for every $1 pensioners contribute to Northfield Police Pension Fund

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Taxpayers contributed 84.7 percent of the $1,356,794 the Northfield Police Pension Fund brought in 2018, or $5.55 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, Northfield contributed $1,149,851 to the fund, which saw a $206,128 decrease in revenue over 2017. Members contributed $206,944, or 15.3 percent, in 2018.

Northfield Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$750,796$827,220$1,523,140$1,325,211$1,149,85153.2%
Pension members$179,402$185,512$205,621$237,712$206,94415.4%
Other Revenue$0$89,022$0-$-1-$-1-
Total$930,198$1,101,754$1,728,761$1,562,922$1,356,79445.9%

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