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North Cook News

Friday, November 22, 2024

Analysis: Arlington Heights pays $5.96 for every $1 pensioners contribute to Arlington Heights Firefighters Pension Fund

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Taxpayers contributed 85.6 percent of the $7,419,031 the Arlington Heights Firefighters Pension Fund brought in 2018, or $5.96 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, Arlington Heights contributed $6,353,000 to the fund, which saw a $1,503,204 increase in revenue over 2017. Members contributed $1,065,390, or 14.4 percent, in 2018. Another $641 came from other unspecified sources.

Arlington Heights Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$4,701,000$5,057,400$5,100,000$4,889,000$6,353,00035.1%
Pension members$939,893$704,523$989,862$1,021,422$1,065,39013.4%
Other Revenue$822$7,098$20$5,405$641-22%
Total$5,641,715$5,769,021$6,089,882$5,915,827$7,419,03131.5%

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