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Friday, November 22, 2024

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

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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
20142015201620172018Change 2014-2018
Municipality$289,913$287,063$326,483$375,167$1,552,828435.6%
Pension members$170,143$188,556$163,260$192,540$173,3261.9%
Other Revenue$5,682$2,892$3,973$5,794$6,95322.4%
Total$465,738$478,511$493,716$573,501$1,733,107272.1%

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