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North Cook News

Friday, November 22, 2024

Analysis: Kenilworth pays $11.07 for every $1 pensioners contribute to Kenilworth Police Pension Fund

Budget04

Taxpayers contributed 91.7 percent of the $874,860 the Kenilworth Police Pension Fund brought in 2018, or $11.07 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, Kenilworth contributed $802,000 to the fund, which saw a $143,452 decrease in revenue over 2017. Members contributed $72,440, or 8.3 percent, in 2018. Another $420 came from other unspecified sources.

Kenilworth Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$355,989$800,144$705,080$940,185$802,000125.3%
Pension members$123,705$79,967$81,078$78,082$72,440-41.4%
Other Revenue$1$400$899$45$42041900%
Total$479,695$880,511$787,057$1,018,312$874,86082.4%

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