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Saturday, November 2, 2024

Analysis: Schiller Park pays $5.13 for every $1 pensioners contribute to Schiller Park Firefighters Pension Fund

Budget06

Taxpayers contributed 83.4 percent of the $1,308,036 the Schiller Park Firefighters Pension Fund brought in last year, or $5.13 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, Schiller Park contributed $1,091,332 to the fund, which saw a $320,433 increase in revenue over 2015. Members contributed $212,580, or 16.3 percent, in 2016. Another $4,124 came from other unspecified sources.

Schiller Park Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$854,508$642,283$808,861$834,884$1,091,33227.7%
Pension members$166,115$174,398$174,543$198,423$212,58028%
Other Revenue$169$1,281$0-$45,704$4,1242340.2%
Total$1,020,792$817,962$983,404$987,603$1,308,03628.1%

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