Analysis: Carpentersville pays $3.70 for every $1 pensioners contribute to Carpentersville Firefighters Pension Fund

By Local Labs News Service

May 19, 2018

Taxpayers contributed 78.8 percent of the $1,405,824 the Carpentersville Firefighters Pension Fund brought in last year, or $3.70 for every $1 from pension members, according to a Kane County Reporter analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Carpentersville contributed $1,107,232 to the fund, which saw a $194,138 increase in revenue over 2015. Members contributed $299,097, or 21.3 percent, in 2016.

Carpentersville Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$755,748	$453,980	$519,515	$1,010,757	$1,107,232	46.5%
Pension members	$275,182	$280,946	$287,978	$212,253	$299,097	8.7%
Other Revenue	$0	-$9,707	$2,889	-$11,324	-$505	-
Total	$1,030,930	$725,219	$810,382	$1,211,686	$1,405,824	36.4%