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West Cook News

Friday, November 22, 2024

Analysis: North Riverside pays $7.36 for every $1 pensioners contribute to North Riverside Firefighters Pension Fund

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Taxpayers contributed 87.6 percent of the $1,220,542 the North Riverside Firefighters Pension Fund brought in 2018, or $7.36 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, North Riverside contributed $1,068,788 to the fund, which saw a $164,090 increase in revenue over 2017. Members contributed $145,019, or 11.9 percent, in 2018. Another $6,735 came from other unspecified sources.

North Riverside Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$222,700$723,859$879,775$934,621$1,068,788379.9%
Pension members$137,718$129,847$121,473$121,831$145,0195.3%
Other Revenue$0$0$1$0$6,735-
Total$360,418$853,706$1,001,249$1,056,452$1,220,542238.6%

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