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South Cook News

Tuesday, November 5, 2024

Analysis: Blue Island pays $5.44 for every $1 pensioners contribute to Blue Island Firefighters Pension Fund

Budget 05

Taxpayers contributed 84.5 percent of the $978,149 the Blue Island Firefighters Pension Fund brought in last year, or $5.44 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, Blue Island contributed $826,486 to the fund, which saw a $461,453 increase in revenue over 2015. Members contributed $151,663, or 15.5 percent, in 2016.

Blue Island Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$692,448$620,840$851,682$414,266$826,48619.4%
Pension members$131,609$128,951$127,344$102,431$151,66315.2%
Other Revenue$541$238$4,321-$-1$0-100%
Total$824,598$750,029$983,347$516,696$978,14918.6%

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