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

By Local Labs News Service

Jun 4, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$2,876,372	$2,958,027	$3,098,007	$3,620,989	$3,660,137	27.2%
Pension members	$779,604	$793,686	$836,025	$857,036	$899,896	15.4%
Other Revenue	$49	$0	$0	$50	$215	338.8%
Total	$3,656,025	$3,751,713	$3,934,032	$4,478,075	$4,560,248	24.7%