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West Cook News

Saturday, November 2, 2024

Analysis: North Riverside pays $7.24 for every $1 pensioners contribute to North Riverside Firefighters Pension Fund

Budget 08

Taxpayers contributed 87.9 percent of the $1,001,249 the North Riverside Firefighters Pension Fund brought in last year, or $7.24 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, North Riverside contributed $879,775 to the fund, which saw a $147,543 increase in revenue over 2015. Members contributed $121,473, or 12.1 percent, in 2016. Another $1 came from other unspecified sources.

North Riverside Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$100,000$100,000$222,700$723,859$879,775779.8%
Pension members$137,841$136,437$137,718$129,847$121,473-11.9%
Other Revenue$1$0$0$0$10%
Total$237,842$236,437$360,418$853,706$1,001,249321%

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