Analysis: Burbank pays $3.93 for every $1 pensioners contribute to Burbank Police Pension Fund

By South Cook News

Jul 8, 2020

Taxpayers contributed 78.9 percent of the $2,144,679 the Burbank Police Pension Fund brought in 2018, or $3.93 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 $1,691,565 to the fund, which saw a $90,563 increase in revenue over 2017. Members contributed $429,415, or 20 percent, in 2018. Another $23,699 came from other unspecified sources.

Burbank Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$847,694	$1,019,885	$987,685	$1,640,192	$1,691,565	99.5%
Pension members	$471,244	$446,123	$428,589	$404,977	$429,415	-8.9%
Other Revenue	$4,324	-$14,463	-$36,372	$8,947	$23,699	448.1%
Total	$1,323,262	$1,451,545	$1,379,902	$2,054,116	$2,144,679	62.1%