Analysis: Inverness pays $3.89 for every $1 pensioners contribute to Palatine Rural FPD Firefighters Pension Fund

By North Cook News

Aug 13, 2020

Taxpayers contributed 79.1 percent of the $827,561 the Palatine Rural FPD Firefighters Pension Fund brought in 2018, or $3.89 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, Inverness contributed $654,642 to the fund, which saw a $53,627 increase in revenue over 2017. Members contributed $167,902, or 20.3 percent, in 2018. Another $5,017 came from other unspecified sources.

Palatine Rural FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$487,385	$554,905	$606,363	$628,091	$654,642	34.3%
Pension members	$169,316	$162,429	$179,078	$140,973	$167,902	-0.8%
Other Revenue	$4,063	-$5,047	$1,443	$4,870	$5,017	23.5%
Total	$660,764	$712,287	$786,884	$773,934	$827,561	25.2%