Analysis: Schaumburg pays $3.51 for every $1 pensioners contribute to Schaumburg Firefighters Pension Fund

By Local Labs News Service

Jun 8, 2018

Taxpayers contributed 77.7 percent of the $4,842,401 the Schaumburg Firefighters Pension Fund brought in last year, or $3.51 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 $3,764,945 to the fund, which saw a $32,919 decrease in revenue over 2015. Members contributed $1,072,444, or 22.1 percent, in 2016. Another $5,012 came from other unspecified sources.

Schaumburg Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$3,920,495	$3,634,832	$3,531,330	$3,778,203	$3,764,945	-4%
Pension members	$969,972	$1,002,879	$992,111	$1,093,023	$1,072,444	10.6%
Other Revenue	-$-1	-$-1	$0	$4,094	$5,012	501300%
Total	$4,890,466	$4,637,710	$4,523,441	$4,875,320	$4,842,401	-1%