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West Cook News

Thursday, May 2, 2024

West Suburbs pension funds: Where do taxpayers contribute most?

Budget06

Government pension funds in Cicero, Oak Park and Maywood depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.

Pension funds in Illinois rely on cash from taxpayers, contributions from members, returns on investment and other revenue to meet their obligations.

How much did pension funds in your community depend on taxpayers in 2016?

West Suburbs pension funds with biggest taxpayer share

Rank
Fund
City
County
Total revenue in 2016
From taxpayers
1
Cicero Police Pension Fund
Cicero
Cook County
$7,160,449
$5,585,411
2
Oak Park Police Pension Fund
Oak Park
Cook County
$5,818,351
$4,735,676
3
Oak Park Firefighters Pension Fund
Oak Park
Cook County
$4,335,303
$3,779,495
4
Melrose Park Firefighters Pension Fund
Maywood
Cook County
$3,585,842
$3,081,599
5
Melrose Park Police Pension Fund
Melrose Park
Cook County
$3,171,884
$2,544,568
6
Maywood Police Pension Fund
Maywood
Cook County
$2,425,598
$2,010,952
7
Franklin Park Firefighters Pension Fund
Franklin Park
Cook County
$2,180,696
$1,814,047
8
Franklin Park Police Pension Fund
Chicago
Cook County
$2,176,293
$1,769,378
9
Maywood Firefighters Pension Fund
Maywood
Cook County
$2,018,113
$1,714,203
10
Brookfield Police Pension Fund
Brookfield
Cook County
$1,927,451
$1,591,846

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