Analysis: Elgin pays $1.89 for every $1 pensioners contribute to Pingree Grove & Countryside Fpd Firefighter's Pens

By Local Labs News Service

Jun 5, 2018

Taxpayers contributed 65.5 percent of the $107,874 the Pingree Grove & Countryside Fpd Firefighter's Pens brought in last year, or $1.89 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, Elgin contributed $70,621 to the fund, which saw a $9,130 decrease in revenue over 2015. Members contributed $37,253, or 34.5 percent, in 2016.

Pingree Grove & Countryside Fpd Firefighter's Pens revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$77,439	$78,048	$0	$74,894	$70,621	-8.8%
Pension members	$75,390	$46,201	$0	$39,938	$37,253	-50.6%
Other Revenue	$0	$0	$0	$2,172	$0	-
Total	$152,829	$124,249	$0	$117,004	$107,874	-29.4%