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South Cook News

Friday, November 22, 2024

Analysis: Burnham pays $5.04 for every $1 pensioners contribute to Burnham Police Pension Fund

Budget 07

Taxpayers contributed 83.4 percent of the $323,447 the Burnham Police Pension Fund brought in 2018, or $5.04 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 $269,763 to the fund, which saw a $14,334 increase in revenue over 2017. Members contributed $53,510, or 16.5 percent, in 2018. Another $174 came from other unspecified sources.

Burnham Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$313,900$301,683$234,513$223,292$269,763-14.1%
Pension members$55,983$61,900$57,805$86,297$53,510-4.4%
Other Revenue-$63$1,420-$271-$476$174376.2%
Total$369,820$365,003$292,047$309,113$323,447-12.5%

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