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West Cook News

Sunday, December 22, 2024

Analysis: Northlake pays $4.65 for every $1 pensioners contribute to Northlake FPD Firefighters Pension Fund

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Taxpayers contributed 83.1 percent of the $843,958 the Northlake FPD Firefighters Pension Fund brought in 2018, or $4.65 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 $701,191 to the fund, which saw a $8,787 decrease in revenue over 2017. Members contributed $150,511, or 17.8 percent, in 2018.

Northlake FPD Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$567,037$574,226$575,450$707,094$701,19123.7%
Pension members$122,766$130,132$137,254$142,517$150,51122.6%
Other Revenue-$-1$1$1,907$3,134-$7,744-774300%
Total$689,802$704,359$714,611$852,745$843,95822.3%

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