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North Cook News

Friday, November 22, 2024

Analysis: Barrington pays $1.99 for every $1 pensioners contribute to Barrington Firefighters Pension Fund

Budget 04

Taxpayers contributed 66.1 percent of the $493,716 the Barrington Firefighters Pension Fund brought in last year, or $1.99 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, Barrington contributed $326,483 to the fund, which saw a $15,205 increase in revenue over 2015. Members contributed $163,260, or 33.1 percent, in 2016. Another $3,973 came from other unspecified sources.

Barrington Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$623,143$687,642$289,913$287,063$326,483-47.6%
Pension members$300,117$296,375$170,143$188,556$163,260-45.6%
Other Revenue-$3,941-$2,818$5,682$2,892$3,973200.8%
Total$919,319$981,199$465,738$478,511$493,716-46.3%

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