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West Cook News

Friday, November 22, 2024

Analysis: Franklin Park pays $5.08 for every $1 pensioners contribute to Franklin Park Firefighters Pension Fund

Budget 10

Taxpayers contributed 83.2 percent of the $2,180,696 the Franklin Park Firefighters Pension Fund brought in last year, or $5.08 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, Franklin Park contributed $1,814,047 to the fund, which saw a $2,060 increase in revenue over 2015. Members contributed $356,782, or 16.4 percent, in 2016. Another $9,867 came from other unspecified sources.

Franklin Park Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,401,449$1,349,152$1,526,726$1,862,970$1,814,04729.4%
Pension members$291,181$297,733$306,750$309,228$356,78222.5%
Other Revenue$7,663-$7,513-$11,508$6,438$9,86728.8%
Total$1,700,293$1,639,372$1,821,968$2,178,636$2,180,69628.3%

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