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West Cook News

Saturday, November 2, 2024

Analysis: Northlake pays $4.19 for every $1 pensioners contribute to Northlake Fpd Firefighters Pension Fund

Budget 05

Taxpayers contributed 80.5 percent of the $714,611 the Northlake Fpd Firefighters Pension Fund brought in last year, or $4.19 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, Northlake contributed $575,450 to the fund, which saw a $10,252 increase in revenue over 2015. Members contributed $137,254, or 19.2 percent, in 2016. Another $1,907 came from other unspecified sources.

Northlake Fpd Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$528,587$603,620$567,037$574,226$575,4508.9%
Pension members$111,429$117,511$122,766$130,132$137,25423.2%
Other Revenue$0-$-1-$-1$1$1,907-
Total$640,016$721,130$689,802$704,359$714,61111.7%

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