Analysis: Carpentersville pays $4.04 for every $1 pensioners contribute to Carpentersville Firefighters Pension Fund

By Kane County Reporter

Jul 8, 2020

Taxpayers contributed 79.8 percent of the $1,560,200 the Carpentersville Firefighters Pension Fund brought in 2018, or $4.04 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 $1,245,107 to the fund, which saw a $37,587 decrease in revenue over 2017. Members contributed $307,849, or 19.7 percent, in 2018. Another $7,244 came from other unspecified sources.

Carpentersville Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$519,515	$1,010,757	$1,107,232	$1,213,829	$1,245,107	139.7%
Pension members	$287,978	$212,253	$299,097	$382,705	$307,849	6.9%
Other Revenue	$2,889	-$11,324	-$505	$1,253	$7,244	150.7%
Total	$810,382	$1,211,686	$1,405,824	$1,597,787	$1,560,200	92.5%