Quantcast

North Cook News

Friday, November 22, 2024

Analysis: Rolling Meadows pays $8.98 for every $1 pensioners contribute to Rolling Meadows Firefighters Pension Fund

Adobestock 279634992

Taxpayers contributed 90 percent of the $4,210,449 the Rolling Meadows Firefighters Pension Fund brought in 2018, or $8.98 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, Rolling Meadows contributed $3,788,593 to the fund, which saw a $287,919 decrease in revenue over 2017. Members contributed $421,856, or 10 percent, in 2018.

Rolling Meadows Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$2,678,449$2,755,511$3,245,390$4,080,981$3,788,59341.4%
Pension members$391,581$397,740$407,278$417,337$421,8567.7%
Other Revenue$200$99$99$50$0-100%
Total$3,070,230$3,153,350$3,652,767$4,498,368$4,210,44937.1%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS