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West Cook News

Monday, December 23, 2024

Analysis: Bellwood pays $4.01 for every $1 pensioners contribute to Bellwood Firefighters Pension Fund

Budget 13

Taxpayers contributed 80.1 percent of the $1,065,117 the Bellwood Firefighters Pension Fund brought in last year, or $4.01 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, Bellwood contributed $853,400 to the fund, which saw a $23,123 decrease in revenue over 2015. Members contributed $212,432, or 19.9 percent, in 2016.

Bellwood Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$749,586$684,751$859,570$905,132$853,40013.8%
Pension members$189,386$199,145$188,103$188,782$212,43212.2%
Other Revenue-$58,879$4,741$7,349-$5,674-$71598.8%
Total$880,093$888,637$1,055,022$1,088,240$1,065,11721%

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