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West Cook News

Friday, November 22, 2024

Analysis: Oak Park pays $8.55 for every $1 pensioners contribute to Oak Park Firefighters Pension Fund

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Taxpayers contributed 89.3 percent of the $6,213,452 the Oak Park Firefighters Pension Fund brought in 2018, or $8.55 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, Oak Park contributed $5,545,605 to the fund, which saw a $271,542 decrease in revenue over 2017. Members contributed $647,926, or 10.4 percent, in 2018. Another $19,921 came from other unspecified sources.

Oak Park Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$3,283,111$3,473,103$3,779,495$5,876,126$5,545,60568.9%
Pension members$526,517$547,100$563,721$616,020$647,92623.1%
Other Revenue$6,830-$18,014-$7,913-$7,152$19,921191.7%
Total$3,816,458$4,002,189$4,335,303$6,484,994$6,213,45262.8%

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