Analysis: Cicero pays $6.55 for every $1 pensioners contribute to Cicero Firefighters' Pension Fund

By West Cook News

May 20, 2018

Taxpayers contributed 86.7 percent of the $4,724,932 the Cicero Firefighters' Pension Fund brought in last year, or $6.55 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, Cicero contributed $4,097,789 to the fund, which saw a $686,411 increase in revenue over 2015. Members contributed $624,746, or 13.2 percent, in 2016. Another $2,397 came from other unspecified sources.

Cicero Firefighters' Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$3,388,107	$3,385,067	$3,791,278	$3,409,367	$4,097,789	20.9%
Pension members	$585,442	$546,655	$587,683	$633,957	$624,746	6.7%
Other Revenue	$20,091	-$34,707	-$13,289	-$4,803	$2,397	-88.1%
Total	$3,993,640	$3,897,015	$4,365,672	$4,038,521	$4,724,932	18.3%