Analysis: Schaumburg pays $3.95 for every $1 pensioners contribute to Schaumburg Firefighters Pension Fund

By North Cook News

Aug 20, 2020

Taxpayers contributed 79.8 percent of the $5,501,977 the Schaumburg Firefighters Pension Fund brought in 2018, or $3.95 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 $4,391,479 to the fund, which saw a $242,463 increase in revenue over 2017. Members contributed $1,110,432, or 20.2 percent, in 2018. Another $66 came from other unspecified sources.

Schaumburg Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$3,531,330	$3,778,203	$3,764,945	$4,071,337	$4,391,479	24.4%
Pension members	$992,111	$1,093,023	$1,072,444	$1,110,369	$1,110,432	11.9%
Other Revenue	$0	$4,094	$5,012	$77,808	$66	-
Total	$4,523,441	$4,875,320	$4,842,401	$5,259,514	$5,501,977	21.6%