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DeKalb Times

Monday, December 23, 2024

Analysis: Sandwich pays $2.03 for every $1 pensioners contribute to Sandwich Police Pension Fund

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Taxpayers contributed 67 percent of the $361,914 the Sandwich Police Pension Fund brought in 2018, or $2.03 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 $242,476 to the fund, which saw a $221,087 decrease in revenue over 2017. Members contributed $119,438, or 33 percent, in 2018.

Sandwich Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$315,534$322,593$264,427$262,667$242,476-23.2%
Pension members$102,331$120,202$118,271$320,335$119,43816.7%
Other Revenue-$-1$1$0-$-1$0100%
Total$417,864$442,796$382,698$583,001$361,914-13.4%

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