Analysis: Calumet City pays $4.77 for every $1 pensioners contribute to Calumet City Firefighters Pension Fund

By Local Labs News Service

May 18, 2018

Taxpayers contributed 82.7 percent of the $2,828,266 the Calumet City Firefighters Pension Fund brought in last year, or $4.77 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, Calumet City contributed $2,338,590 to the fund, which saw a $36,680 increase in revenue over 2015. Members contributed $489,874, or 17.3 percent, in 2016.

Calumet City Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$1,782,360	$2,278,802	$2,049,291	$2,333,411	$2,338,590	31.2%
Pension members	$394,043	$438,459	$455,339	$458,174	$489,874	24.3%
Other Revenue	$0	-$-1	$0	$1	-$198	-
Total	$2,176,403	$2,717,260	$2,504,630	$2,791,586	$2,828,266	30%