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

By Local Labs News Service

May 17, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$770,526	$826,878	$847,694	$1,019,885	$987,685	28.2%
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%