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West Cook News

Saturday, November 2, 2024

Analysis: Forest View pays $12.63 for every $1 pensioners contribute to Forest View Firefighters Pension Fund

Budget007

Taxpayers contributed 95 percent of the $175,450 the Forest View Firefighters Pension Fund brought in 2018, or $12.63 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, Forest View contributed $166,712 to the fund, which saw a $403,609 decrease in revenue over 2017. Members contributed $13,194, or 7.5 percent, in 2018.

Forest View Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$236,145$135,971$281,211$570,568$166,712-29.4%
Pension members$24,012$19,067$9,526$8,839$13,194-45.1%
Other Revenue$2$8-$1,683-$348-$4,456-222900%
Total$260,159$155,046$289,054$579,059$175,450-32.6%

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