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West Cook News

Friday, November 22, 2024

Analysis: Forest Park pays $3.81 for every $1 pensioners contribute to Forest Park Firefighters Pension Fund

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Taxpayers contributed 79.1 percent of the $988,958 the Forest Park Firefighters Pension Fund brought in 2018, or $3.81 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 Park contributed $782,007 to the fund, which saw a $10,251 increase in revenue over 2017. Members contributed $205,077, or 20.7 percent, in 2018. Another $1,874 came from other unspecified sources.

Forest Park Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$547,776$528,964$683,363$776,911$782,00742.8%
Pension members$195,938$197,766$198,332$196,805$205,0774.7%
Other Revenue-$2,937$3,257$3,536$4,991$1,874163.8%
Total$740,777$729,987$885,231$978,707$988,95833.5%

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