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South Cook News

Friday, November 22, 2024

Analysis: Sauk Village pays $1.76 for every $1 pensioners contribute to Sauk Village Police Pension Fund

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Taxpayers contributed 61.4 percent of the $394,576 the Sauk Village Police Pension Fund brought in 2018, or $1.76 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, Sauk Village contributed $242,182 to the fund, which saw a $41,808 increase in revenue over 2017. Members contributed $137,393, or 34.8 percent, in 2018. Another $15,001 came from other unspecified sources.

Sauk Village Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$191,246$186,532$193,171$196,548$242,18226.6%
Pension members$156,367$154,297$141,687$154,763$137,393-12.1%
Other Revenue$0$325$3,798$1,457$15,001-
Total$347,613$341,154$338,656$352,768$394,57613.5%

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