Quantcast

North Cook News

Friday, November 22, 2024

Analysis: Rolling Meadows pays $7.96 for every $1 pensioners contribute to Rolling Meadows Firefighters Pension Fund

Budget 02

Taxpayers contributed 88.8 percent of the $3,652,767 the Rolling Meadows Firefighters Pension Fund brought in last year, or $7.96 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, Rolling Meadows contributed $3,245,390 to the fund, which saw a $499,417 increase in revenue over 2015. Members contributed $407,278, or 11.1 percent, in 2016. Another $99 came from other unspecified sources.

Rolling Meadows Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$2,312,145$2,614,318$2,678,449$2,755,511$3,245,39040.4%
Pension members$382,017$395,833$391,581$397,740$407,2786.6%
Other Revenue$150$99$200$99$99-34%
Total$2,694,312$3,010,250$3,070,230$3,153,350$3,652,76735.6%

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