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West Cook News

Friday, November 22, 2024

Analysis: Westchester pays $4.71 for every $1 pensioners contribute to Westchester Firefighters Pension Fund

Budget 10

Taxpayers contributed 82.1 percent of the $1,250,807 the Westchester Firefighters Pension Fund brought in last year, or $4.71 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, Westchester contributed $1,027,335 to the fund, which saw a $400,119 increase in revenue over 2015. Members contributed $217,769, or 17.4 percent, in 2016. Another $5,703 came from other unspecified sources.

Westchester Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$784,477$645,380$605,068$628,706$1,027,33531%
Pension members$199,926$206,291$207,816$223,583$217,7698.9%
Other Revenue$0$1,121-$10,099-$1,601$5,703-
Total$984,403$852,792$802,785$850,688$1,250,80727.1%

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