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South Cook News

Friday, November 22, 2024

Analysis: Burnham pays $4.05 for every $1 pensioners contribute to Burnham Police Pension Fund

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Taxpayers contributed 80.3 percent of the $292,047 the Burnham Police Pension Fund brought in last year, or $4.05 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, Burnham contributed $234,513 to the fund, which saw a $72,956 decrease in revenue over 2015. Members contributed $57,805, or 19.8 percent, in 2016.

Burnham Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$174,113$194,757$313,900$301,683$234,51334.7%
Pension members$46,573$45,802$55,983$61,900$57,80524.1%
Other Revenue$1$2,111-$63$1,420-$271-27200%
Total$220,687$242,670$369,820$365,003$292,04732.3%

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