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South Cook News

Wednesday, May 8, 2024

South Suburbs pension funds: Where do taxpayers contribute most?

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Government pension funds in Calumet City, Oak Lawn and Orland Park depended most on taxpayer contributions to make ends meet in 2016, according to the Illinois Department of Insurance.

Pension funds in Illinois rely on cash from taxpayers, contributions from members, returns on investment and other revenue to meet their obligations.

How much did pension funds in your community depend on taxpayers in 2016?

South Suburbs pension funds with biggest taxpayer share

Rank
Fund
City
County
Total revenue in 2016
From taxpayers
1
Calumet City Police Pension Fund
Calumet City
Cook County
$3,982,948
$3,243,000
2
Oak Lawn Firefighters Pension Fund
Oak Lawn
Cook County
$3,670,331
$2,946,666
3
Oak Lawn Police Pension Fund
Oak Lawn
Cook County
$4,216,605
$2,946,377
4
Orland Park Police Pension Fund
Orland Park
Cook County
$3,701,550
$2,757,499
5
Lansing Police Pension Fund
Lansing
Cook County
$3,229,491
$2,670,076
6
Chicago Heights Police Pension Fund
Chicago Heights
Cook County
$3,203,965
$2,527,866
7
Alsip Police Pension Fund
Alsip
Cook County
$2,739,567
$2,388,524
8
Chicago Heights Firefighters Pension Fund
Chicago Heights
Cook County
$2,770,672
$2,339,408
9
Calumet City Firefighters Pension Fund
Calumet City
Cook County
$2,828,266
$2,338,590
10
Tinley Park Police Pension Fund
Tinley Park
Cook County
$3,189,190
$2,301,390

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