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West Cook News

Saturday, November 2, 2024

Analysis: Franklin Park pays $5.42 for every $1 pensioners contribute to Franklin Park Firefighters Pension Fund

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Taxpayers contributed 84.2 percent of the $2,225,255 the Franklin Park Firefighters Pension Fund brought in 2018, or $5.42 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, Franklin Park contributed $1,874,755 to the fund, which saw a $84,996 decrease in revenue over 2017. Members contributed $345,384, or 15.5 percent, in 2018. Another $5,116 came from other unspecified sources.

Franklin Park Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$1,526,726$1,862,970$1,814,047$1,979,592$1,874,75522.8%
Pension members$306,750$309,228$356,782$342,425$345,38412.6%
Other Revenue-$11,508$6,438$9,867-$11,766$5,116144.5%
Total$1,821,968$2,178,636$2,180,696$2,310,251$2,225,25522.1%

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