Analysis: Elk Grove Village pays $6.39 for every $1 pensioners contribute to Elk Grove Village Police Pension Fund

By North Cook News

Jul 15, 2020

Taxpayers contributed 86.5 percent of the $6,069,505 the Elk Grove Village Police Pension Fund brought in 2018, or $6.39 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, Elk Grove Village contributed $5,248,867 to the fund, which saw a $493,295 increase in revenue over 2017. Members contributed $820,637, or 13.5 percent, in 2018. Another $1 came from other unspecified sources.

Elk Grove Village Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,686,631	$4,145,566	$4,218,512	$4,787,790	$5,248,867	95.4%
Pension members	$753,997	$785,257	$833,491	$788,319	$820,637	8.8%
Other Revenue	$538,456	-$-1	$0	$101	$1	-100%
Total	$3,979,084	$4,930,822	$5,052,003	$5,576,210	$6,069,505	52.5%