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North Cook News

Tuesday, May 7, 2024

Analysis: Buffalo Grove pays $3.79 for every $1 pensioners contribute to Buffalo Grove Police Pension Fund

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Taxpayers contributed 78.7 percent of the $3,391,481 the Buffalo Grove Police Pension Fund brought in 2018, or $3.79 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, Buffalo Grove contributed $2,668,632 to the fund, which saw a $117,209 increase in revenue over 2017. Members contributed $703,230, or 20.7 percent, in 2018. Another $19,619 came from other unspecified sources.

Buffalo Grove Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,083,757$2,284,316$2,430,017$2,524,306$2,668,63228.1%
Pension members$654,674$669,027$622,198$744,695$703,2307.4%
Other Revenue-$3,361-$995$24,712$5,271$19,619683.7%
Total$2,735,070$2,952,348$3,076,927$3,274,272$3,391,48124%

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