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Sunday, December 22, 2024

Analysis: Barrington pays $5.74 for every $1 pensioners contribute to Barrington Police Pension Fund

Budget01

Taxpayers contributed 85.2 percent of the $1,406,359 the Barrington Police Pension Fund brought in 2018, or $5.74 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, Barrington contributed $1,197,875 to the fund, which saw a $17,253 decrease in revenue over 2017. Members contributed $208,463, or 14.8 percent, in 2018. Another $21 came from other unspecified sources.

Barrington Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$720,206$800,000$943,809$1,225,109$1,197,87566.3%
Pension members$195,374$209,607$195,233$200,679$208,4636.7%
Other Revenue-$4,515$4,828-$4,667-$2,176$21100.5%
Total$911,065$1,014,435$1,134,375$1,423,612$1,406,35954.4%

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