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Friday, April 19, 2024

Analysis: Arlington Heights pays $5.15 for every $1 pensioners contribute to Arlington Heights Firefighters Pension Fund

Budget007

Taxpayers contributed 83.7 percent of the $6,089,882 the Arlington Heights Firefighters Pension Fund brought in last year, or $5.15 for every $1 from pension members, according to a North Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Arlington Heights contributed $5,100,000 to the fund, which saw a $320,861 increase in revenue over 2015. Members contributed $989,862, or 16.3 percent, in 2016. Another $20 came from other unspecified sources.

Arlington Heights Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$4,470,608$4,588,000$4,701,000$5,057,400$5,100,00014.1%
Pension members$874,164$911,619$939,893$704,523$989,86213.2%
Other Revenue$1,700$7,358$822$7,098$20-98.8%
Total$5,346,472$5,506,977$5,641,715$5,769,021$6,089,88213.9%

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