Analysis: Palatine pays $4.77 for every $1 pensioners contribute to Palatine Firefighters Pension Fund

By North Cook News

Aug 11, 2020

Taxpayers contributed 82.7 percent of the $5,655,277 the Palatine Firefighters Pension Fund brought in 2018, or $4.77 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, Palatine contributed $4,675,335 to the fund, which saw a $139,353 increase in revenue over 2017. Members contributed $979,942, or 17.3 percent, in 2018.

Palatine Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$3,098,007	$3,620,989	$3,660,137	$4,629,680	$4,675,335	50.9%
Pension members	$836,025	$857,036	$899,896	$886,245	$979,942	17.2%
Other Revenue	$0	$50	$215	-$-1	$0	-
Total	$3,934,032	$4,478,075	$4,560,248	$5,515,924	$5,655,277	43.8%