Analysis: Buffalo Grove pays $3.55 for every $1 pensioners contribute to Buffalo Grove Firefighters Pension Fund

By North Cook News

Jul 9, 2020

Taxpayers contributed 77.6 percent of the $2,445,551 the Buffalo Grove Firefighters Pension Fund brought in 2018, or $3.55 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, Buffalo Grove contributed $1,897,969 to the fund, which saw a $35,309 increase in revenue over 2017. Members contributed $533,534, or 21.8 percent, in 2018. Another $14,048 came from other unspecified sources.

Buffalo Grove Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$2,168,844	$2,202,138	$2,166,040	$1,863,911	$1,897,969	-12.5%
Pension members	$502,014	$524,694	$516,422	$520,772	$533,534	6.3%
Other Revenue	$35,086	$19,230	-$9,120	$25,559	$14,048	-60%
Total	$2,705,944	$2,746,062	$2,673,342	$2,410,242	$2,445,551	-9.6%