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South Cook News

Friday, November 22, 2024

Analysis: Bridgeview pays $5.37 for every $1 pensioners contribute to Bridgeview Firefighters Pension Fund

Budget 10

Taxpayers contributed 84.3 percent of the $1,668,798 the Bridgeview Firefighters Pension Fund brought in last year, or $5.37 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, Bridgeview contributed $1,406,913 to the fund, which saw a $86,138 decrease in revenue over 2015. Members contributed $261,885, or 15.7 percent, in 2016.

Bridgeview Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,083,524$1,191,095$1,310,298$1,447,474$1,406,91329.8%
Pension members$287,424$226,971$223,164$307,461$261,885-8.9%
Other Revenue$51$214-$-1$1$0-100%
Total$1,370,999$1,418,280$1,533,461$1,754,936$1,668,79821.7%

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