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West Cook News

Friday, November 22, 2024

Analysis: Forest Park pays $3.44 for every $1 pensioners contribute to Forest Park Firefighters Pension Fund

Budget 01

Taxpayers contributed 77.2 percent of the $885,231 the Forest Park Firefighters Pension Fund brought in last year, or $3.44 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, Forest Park contributed $683,363 to the fund, which saw a $155,244 increase in revenue over 2015. Members contributed $198,332, or 22.4 percent, in 2016. Another $3,536 came from other unspecified sources.

Forest Park Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$543,770$531,070$547,776$528,964$683,36325.7%
Pension members$184,595$190,695$195,938$197,766$198,3327.4%
Other Revenue$1$13,347-$2,937$3,257$3,536353500%
Total$728,366$735,112$740,777$729,987$885,23121.5%

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