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South Cook News

Friday, November 22, 2024

Analysis: Burbank pays $2.43 for every $1 pensioners contribute to Burbank Firefighters Pension Fund

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Taxpayers contributed 71.8 percent of the $798,190 the Burbank Firefighters Pension Fund brought in last year, or $2.43 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, Burbank contributed $573,376 to the fund, which saw a $50,927 decrease in revenue over 2015. Members contributed $235,707, or 29.5 percent, in 2016.

Burbank Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$513,660$512,295$495,378$604,957$573,37611.6%
Pension members$251,510$250,840$242,558$248,593$235,707-6.3%
Other Revenue$9,101-$7,352$16,583-$4,433-$10,893-219.7%
Total$774,271$755,783$754,519$849,117$798,1903.1%

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