Quantcast

North Cook News

Sunday, December 22, 2024

Analysis: Palatine pays $4.06 for every $1 pensioners contribute to Palatine Firefighters Pension Fund

Budget 06

Taxpayers contributed 80.3 percent of the $4,560,248 the Palatine Firefighters Pension Fund brought in last year, or $4.06 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, Palatine contributed $3,660,137 to the fund, which saw a $82,173 increase in revenue over 2015. Members contributed $899,896, or 19.7 percent, in 2016. Another $215 came from other unspecified sources.

Palatine Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,876,372$2,958,027$3,098,007$3,620,989$3,660,13727.2%
Pension members$779,604$793,686$836,025$857,036$899,89615.4%
Other Revenue$49$0$0$50$215338.8%
Total$3,656,025$3,751,713$3,934,032$4,478,075$4,560,24824.7%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS