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DeKalb Times

Friday, November 22, 2024

Analysis: Sycamore pays $1.51 for every $1 pensioners contribute to Sycamore Police Pension Fund

Budget01

Taxpayers contributed 60.2 percent of the $650,119 the Sycamore Police Pension Fund brought in last year, or $1.51 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, Sycamore contributed $391,470 to the fund, which saw a $60,389 increase in revenue over 2015. Members contributed $258,649, or 39.8 percent, in 2016.

Sycamore Police Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$351,829$366,521$374,258$370,340$391,47011.3%
Pension members$208,000$278,156$216,568$219,390$258,64924.4%
Other Revenue$0$0$0$0$0-
Total$559,829$644,677$590,826$589,730$650,11916.1%

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