Analysis: Barrington pays $8.95 for every $1 pensioners contribute to Barrington Firefighters Pension Fund

By North Cook News

Jul 4, 2020

Taxpayers contributed 89.6 percent of the $1,733,107 the Barrington Firefighters Pension Fund brought in 2018, or $8.95 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, Barrington contributed $1,552,828 to the fund, which saw a $1,159,606 increase in revenue over 2017. Members contributed $173,326, or 10 percent, in 2018. Another $6,953 came from other unspecified sources.

Barrington Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$289,913	$287,063	$326,483	$375,167	$1,552,828	435.6%
Pension members	$170,143	$188,556	$163,260	$192,540	$173,326	1.9%
Other Revenue	$5,682	$2,892	$3,973	$5,794	$6,953	22.4%
Total	$465,738	$478,511	$493,716	$573,501	$1,733,107	272.1%