Analysis: Sycamore pays $2.97 for every $1 pensioners contribute to Sycamore Police Pension Fund

By DeKalb Times

Jul 8, 2020

Taxpayers contributed 74.8 percent of the $953,061 the Sycamore Police Pension Fund brought in 2018, or $2.97 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 $713,187 to the fund, which saw a $184,763 increase in revenue over 2017. Members contributed $239,874, or 25.2 percent, in 2018.

Sycamore Police Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$374,258	$370,340	$391,470	$453,700	$713,187	90.6%
Pension members	$216,568	$219,390	$258,649	$314,598	$239,874	10.8%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$590,826	$589,730	$650,119	$768,298	$953,061	61.3%