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North Cook News

Sunday, February 23, 2025

Analysis: Glencoe pays $3.27 for every $1 pensioners contribute to Glencoe Police Pension Fund

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Taxpayers contributed 76.6 percent of the $1,515,387 the Glencoe Police Pension Fund brought in 2018, or $3.27 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, Glencoe contributed $1,161,172 to the fund, which saw a $188,926 decrease in revenue over 2017. Members contributed $354,214, or 23.4 percent, in 2018. Another $1 came from other unspecified sources.

Glencoe Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,652,932$1,482,314$1,562,863$1,360,242$1,161,172-29.8%
Pension members$311,510$317,645$340,092$344,071$354,21413.7%
Other Revenue$7,684$0$0$0$1-100%
Total$1,972,126$1,799,959$1,902,955$1,704,313$1,515,387-23.2%

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