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North Cook News

Friday, November 22, 2024

Analysis: Barrington pays $4.68 for every $1 pensioners contribute to Barrington Hills Police Pension Fund

Budget 03

Taxpayers contributed 82.1 percent of the $925,116 the Barrington Hills Police Pension Fund brought in 2018, or $4.68 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 $759,206 to the fund, which saw a $58,204 increase in revenue over 2017. Members contributed $162,084, or 17.5 percent, in 2018. Another $3,826 came from other unspecified sources.

Barrington Hills Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$637,596$693,107$671,907$704,876$759,20619.1%
Pension members$175,420$154,480$159,406$161,228$162,084-7.6%
Other Revenue-$1,308-$5,023$11,044$808$3,826392.5%
Total$811,708$842,564$842,357$866,912$925,11614%

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