Analysis: Schaumburg pays $2.94 for every $1 pensioners contribute to Hoffman Estates Firefighters Pension Fund

By Local Labs News Service

May 26, 2018

Taxpayers contributed 74.4 percent of the $3,851,690 the Hoffman Estates Firefighters Pension Fund brought in last year, or $2.94 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, Schaumburg contributed $2,867,272 to the fund, which saw a $426,144 increase in revenue over 2015. Members contributed $973,790, or 25.3 percent, in 2016. Another $10,628 came from other unspecified sources.

Hoffman Estates Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,080,514	$2,062,868	$2,520,362	$2,597,016	$2,867,272	37.8%
Pension members	$777,945	$833,245	$851,857	$863,860	$973,790	25.2%
Other Revenue	$724	$766	$0	-$35,330	$10,628	1368%
Total	$2,859,183	$2,896,879	$3,372,219	$3,425,546	$3,851,690	34.7%