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West Cook News

Sunday, May 5, 2024

Analysis: Schiller Park pays $5.93 for every $1 pensioners contribute to Schiller Park Firefighters Pension Fund

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Taxpayers contributed 85.1 percent of the $1,572,091 the Schiller Park Firefighters Pension Fund brought in 2018, or $5.93 for every $1 from pension members, according to a West Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Schiller Park contributed $1,338,008 to the fund, which saw a $158,640 increase in revenue over 2017. Members contributed $225,364, or 14.3 percent, in 2018. Another $8,719 came from other unspecified sources.

Schiller Park Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$808,861$834,884$1,091,332$1,187,703$1,338,00865.4%
Pension members$174,543$198,423$212,580$223,450$225,36429.1%
Other Revenue$0-$45,704$4,124$2,298$8,719-
Total$983,404$987,603$1,308,036$1,413,451$1,572,09159.9%

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