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South Cook News

Friday, November 22, 2024

Analysis: Burbank pays $2.30 for every $1 pensioners contribute to Burbank Police Pension Fund

Budget 05

Taxpayers contributed 71.6 percent of the $1,379,902 the Burbank Police Pension Fund brought in last year, or $2.30 for every $1 from pension members, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Burbank contributed $987,685 to the fund, which saw a $71,643 decrease in revenue over 2015. Members contributed $428,589, or 31.1 percent, in 2016.

Burbank Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$770,526$826,878$847,694$1,019,885$987,68528.2%
Pension members$574,383$431,266$471,244$446,123$428,589-25.4%
Other Revenue$46,352-$105,402$4,324-$14,463-$36,372-178.5%
Total$1,391,261$1,152,742$1,323,262$1,451,545$1,379,902-0.8%

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