Analysis: Alsip pays $4.92 for every $1 pensioners contribute to Alsip Firefighters Pension Fund

By Local Labs News Service

May 15, 2018

Taxpayers contributed 83.1 percent of the $1,854,992 the Alsip Firefighters Pension Fund brought in last year, or $4.92 for every $1 from pension members, according to a South Cook News analysis of the latest data reported to the Illinois Department of Insurance Pension Division.

In all, Alsip contributed $1,541,749 to the fund, which saw a $24,808 increase in revenue over 2015. Members contributed $313,228, or 16.9 percent, in 2016. Another $15 came from other unspecified sources.

Alsip Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,272,947	$1,222,157	$1,301,138	$1,538,881	$1,541,749	21.1%
Pension members	$253,254	$255,960	$287,254	$286,786	$313,228	23.7%
Other Revenue	$89	$25	$8	$4,517	$15	-83.1%
Total	$1,526,290	$1,478,142	$1,588,400	$1,830,184	$1,854,992	21.5%