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

By Local Labs News Service

May 17, 2018

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

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$513,660	$512,295	$495,378	$604,957	$573,376	11.6%
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	$798,190	3.1%