Analysis: Hillside pays $4.75 for every $1 pensioners contribute to Hillside Firefighters Pension Fund

By West Cook News

Jul 22, 2020

Taxpayers contributed 82.5 percent of the $1,273,025 the Hillside Firefighters Pension Fund brought in 2018, or $4.75 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, Hillside contributed $1,050,595 to the fund, which saw a $196,244 increase in revenue over 2017. Members contributed $221,054, or 17.4 percent, in 2018. Another $1,376 came from other unspecified sources.

Hillside Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$760,321	$894,758	$830,329	$852,627	$1,050,595	38.2%
Pension members	$176,491	$192,842	$203,576	$214,109	$221,054	25.2%
Other Revenue	-$57,324	$1	$0	$10,045	$1,376	102.4%
Total	$879,488	$1,087,601	$1,033,905	$1,076,781	$1,273,025	44.7%