Analysis: Elmwood Park pays $6.02 for every $1 pensioners contribute to Elmwood Park Firefighters Pension Fund

By West Cook News

Jul 14, 2020

Taxpayers contributed 85.7 percent of the $1,580,006 the Elmwood Park Firefighters Pension Fund brought in 2018, or $6.02 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, Elmwood Park contributed $1,354,580 to the fund, which saw a $180,927 increase in revenue over 2017. Members contributed $224,787, or 14.2 percent, in 2018. Another $639 came from other unspecified sources.

Elmwood Park Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,215,630	$1,114,546	$1,156,262	$1,177,146	$1,354,580	11.4%
Pension members	$223,319	$211,261	$217,439	$226,490	$224,787	0.7%
Other Revenue	$1,120	$2	$2,160	-$4,557	$639	-42.9%
Total	$1,440,069	$1,325,809	$1,375,861	$1,399,079	$1,580,006	9.7%