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Sunday, April 6, 2025

Analysis: Sterling pays $6.46 for every $1 pensioners contribute to Sterling Police Pension Fund

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Taxpayers contributed 86.6 percent of the $1,243,640 the Sterling Police Pension Fund brought in 2018, or $6.46 for every $1 from pension members, according to a NW Illinois News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Sterling contributed $1,077,067 to the fund, which saw a $95,469 increase in revenue over 2017. Members contributed $166,561, or 13.4 percent, in 2018. Another $12 came from other unspecified sources.

Sterling Police Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$601,394$645,238$703,470$997,120$1,077,06779.1%
Pension members$169,625$166,568$173,505$150,950$166,561-1.8%
Other Revenue$0$20$1$101$12-
Total$771,019$811,826$876,976$1,148,171$1,243,64061.3%

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