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Sunday, December 22, 2024

Analysis: Glenview pays $3.28 for every $1 pensioners contribute to Glenview Police Pension Fund

Budget 06

Taxpayers contributed 76.9 percent of the $3,211,306 the Glenview Police Pension Fund brought in 2018, or $3.28 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, Glenview contributed $2,470,705 to the fund, which saw a $15,280 decrease in revenue over 2017. Members contributed $751,474, or 23.4 percent, in 2018.

Glenview Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,953,494$7,494,545$2,497,041$2,492,386$2,470,70526.5%
Pension members$686,942$777,705$812,961$712,432$751,4749.4%
Other Revenue-$8,078$27,390$30,448$21,768-$10,873-34.6%
Total$2,632,358$8,299,640$3,340,450$3,226,586$3,211,30622%

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