Analysis: Inverness pays $3.38 for every $1 pensioners contribute to Palatine Rural Fpd Firefighters Pension Fund

By Local Labs News Service

Jun 5, 2018

Taxpayers contributed 77.1 percent of the $786,884 the Palatine Rural Fpd Firefighters Pension Fund brought in last year, or $3.38 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, Inverness contributed $606,363 to the fund, which saw a $74,597 increase in revenue over 2015. Members contributed $179,078, or 22.8 percent, in 2016. Another $1,443 came from other unspecified sources.

Palatine Rural Fpd Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$396,493	$424,946	$487,385	$554,905	$606,363	52.9%
Pension members	$175,826	$156,556	$169,316	$162,429	$179,078	1.8%
Other Revenue	-$3,137	$3,288	$4,063	-$5,047	$1,443	146%
Total	$569,182	$584,790	$660,764	$712,287	$786,884	38.2%