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DeKalb Times

Friday, November 22, 2024

Analysis: Sandwich pays $2.23 for every $1 pensioners contribute to Sandwich Police Pension Fund

Budget007

Taxpayers contributed 69.1 percent of the $382,698 the Sandwich Police Pension Fund brought in last year, or $2.23 for every $1 from pension members, according to a DeKalb Times analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Sandwich contributed $264,427 to the fund, which saw a $60,098 decrease in revenue over 2015. Members contributed $118,271, or 30.9 percent, in 2016.

Sandwich Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$91,766$98,422$315,534$322,593$264,427188.2%
Pension members$70,341$102,986$102,331$120,202$118,27168.1%
Other Revenue$0$0-$-1$1$0-
Total$162,107$201,408$417,864$442,796$382,698136.1%

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