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Friday, November 22, 2024

Analysis: Streamwood pays $3.75 for every $1 pensioners contribute to Streamwood Firefighters Pension Fund

Budget 13

Taxpayers contributed 79 percent of the $1,866,575 the Streamwood Firefighters Pension Fund brought in last year, or $3.75 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, Streamwood contributed $1,474,025 to the fund, which saw a $133,850 increase in revenue over 2015. Members contributed $392,550, or 21 percent, in 2016.

Streamwood Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,199,979$1,398,400$1,299,904$1,332,260$1,474,02522.8%
Pension members$339,138$355,830$374,172$400,465$392,55015.7%
Other Revenue$0$411$1,845$0$0-
Total$1,539,117$1,754,641$1,675,921$1,732,725$1,866,57521.3%

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