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West Cook News

Saturday, November 2, 2024

Analysis: Cicero pays $5.41 for every $1 pensioners contribute to Cicero Firefighters' Pension Fund

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Taxpayers contributed 84.6 percent of the $4,509,169 the Cicero Firefighters' Pension Fund brought in 2018, or $5.41 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, Cicero contributed $3,814,229 to the fund, which saw a $1,564,072 decrease in revenue over 2017. Members contributed $704,715, or 15.6 percent, in 2018.

Cicero Firefighters' Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$3,791,278$3,409,367$4,097,789$5,332,357$3,814,2290.6%
Pension members$587,683$633,957$624,746$709,284$704,71519.9%
Other Revenue-$13,289-$4,803$2,397$31,600-$9,77526.4%
Total$4,365,672$4,038,521$4,724,932$6,073,241$4,509,1693.3%

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