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West Cook News

Saturday, November 2, 2024

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

Budget 09

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
20122013201420152016Change 2012-2016
Municipality$3,388,107$3,385,067$3,791,278$3,409,367$4,097,78920.9%
Pension members$585,442$546,655$587,683$633,957$624,7466.7%
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$4,724,93218.3%

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