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West Cook News

Friday, May 3, 2024

Analysis: McCook pays $13.93 for every $1 pensioners contribute to Mccook Firefighters Pension Fund

Budget 01

Taxpayers contributed 93.3 percent of the $160,766 the Mccook Firefighters Pension Fund brought in 2018, or $13.93 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, McCook contributed $150,000 to the fund, which saw a $50,310 increase in revenue over 2017. Members contributed $10,766, or 6.7 percent, in 2018.

Mccook Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$80,000$90,000$90,000$100,000$150,00087.5%
Pension members$9,578$9,866$10,157$10,456$10,76612.4%
Other Revenue$0$0$0$0$0-
Total$89,578$99,866$100,157$110,456$160,76679.5%

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