Analysis: Schaumburg pays $4.10 for every $1 pensioners contribute to Hoffman Estates Police Pension Fund

By North Cook News

Jul 26, 2020

Taxpayers contributed 79.9 percent of the $4,452,262 the Hoffman Estates Police Pension Fund brought in 2018, or $4.10 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, Schaumburg contributed $3,557,124 to the fund, which saw a $177,348 increase in revenue over 2017. Members contributed $866,792, or 19.5 percent, in 2018. Another $28,346 came from other unspecified sources.

Hoffman Estates Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,698,444	$2,670,802	$3,228,471	$3,407,918	$3,557,124	31.8%
Pension members	$1,026,505	$861,841	$813,215	$872,669	$866,792	-15.6%
Other Revenue	-$-1	$3,540	-$12,507	-$5,673	$28,346	2834700%
Total	$3,724,948	$3,536,183	$4,029,179	$4,274,914	$4,452,262	19.5%