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North Cook News

Friday, November 22, 2024

Analysis: Wheeling pays $5.39 for every $1 pensioners contribute to Wheeling Firefighters Pension Fund

Budget 11

Taxpayers contributed 84.6 percent of the $3,050,082 the Wheeling Firefighters Pension Fund brought in 2018, or $5.39 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 $2,579,391 to the fund, which saw a $60,325 decrease in revenue over 2017. Members contributed $478,252, or 15.7 percent, in 2018.

Wheeling Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,850,379$2,258,857$2,123,616$2,600,022$2,579,39139.4%
Pension members$438,414$578,831$470,922$493,782$478,2529.1%
Other Revenue$5,654-$1,599$46$16,603-$7,561-233.7%
Total$2,294,447$2,836,089$2,594,584$3,110,407$3,050,08232.9%

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