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West Cook News

Friday, November 22, 2024

Analysis: Bellwood pays $5.09 for every $1 pensioners contribute to Bellwood Firefighters Pension Fund

Budget 07

Taxpayers contributed 83.6 percent of the $1,300,544 the Bellwood Firefighters Pension Fund brought in 2018, or $5.09 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, Bellwood contributed $1,086,730 to the fund, which saw a $18,302 decrease in revenue over 2017. Members contributed $213,463, or 16.4 percent, in 2018. Another $351 came from other unspecified sources.

Bellwood Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$859,570$905,132$853,400$1,093,929$1,086,73026.4%
Pension members$188,103$188,782$212,432$218,159$213,46313.5%
Other Revenue$7,349-$5,674-$715$6,758$351-95.2%
Total$1,055,022$1,088,240$1,065,117$1,318,846$1,300,54423.3%

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