Analysis: Elmwood Park pays $5.31 for every $1 pensioners contribute to Elmwood Park Firefighters Pension Fund

By West Cook News

May 21, 2018

Taxpayers contributed 84 percent of the $1,375,861 the Elmwood Park Firefighters Pension Fund brought in last year, or $5.31 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 $1,156,262 to the fund, which saw a $50,052 increase in revenue over 2015. Members contributed $217,439, or 15.8 percent, in 2016. Another $2,160 came from other unspecified sources.

Elmwood Park Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,348,303	$1,268,507	$1,215,630	$1,114,546	$1,156,262	-14.2%
Pension members	$185,730	$211,969	$223,319	$211,261	$217,439	17.1%
Other Revenue	$1	$0	$1,120	$2	$2,160	215900%
Total	$1,534,034	$1,480,476	$1,440,069	$1,325,809	$1,375,861	-10.3%