Analysis: Wheeling pays $4.50 for every $1 pensioners contribute to Wheeling Firefighters Pension Fund

By Local Labs News Service

Jun 12, 2018

Taxpayers contributed 81.8 percent of the $2,594,584 the Wheeling Firefighters Pension Fund brought in last year, or $4.50 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, Wheeling contributed $2,123,616 to the fund, which saw a $241,505 decrease in revenue over 2015. Members contributed $470,922, or 18.2 percent, in 2016. Another $46 came from other unspecified sources.

Wheeling Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,314,938	$1,484,050	$1,850,379	$2,258,857	$2,123,616	61.5%
Pension members	$407,047	$416,008	$438,414	$578,831	$470,922	15.7%
Other Revenue	$50	$49	$5,654	-$1,599	$46	-8%
Total	$1,722,035	$1,900,107	$2,294,447	$2,836,089	$2,594,584	50.7%