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West Cook News

Saturday, November 2, 2024

Analysis: Hillside pays $4.07 for every $1 pensioners contribute to Hillside Firefighters Pension Fund

Budget01

Taxpayers contributed 80.3 percent of the $1,033,905 the Hillside Firefighters Pension Fund brought in last year, or $4.07 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, Hillside contributed $830,329 to the fund, which saw a $53,696 decrease in revenue over 2015. Members contributed $203,576, or 19.7 percent, in 2016.

Hillside Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,006,335$723,162$760,321$894,758$830,329-17.5%
Pension members$176,923$180,513$176,491$192,842$203,57615.1%
Other Revenue$1$2,087-$57,324$1$0-100%
Total$1,183,259$905,762$879,488$1,087,601$1,033,905-12.6%

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