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South Cook News

Friday, November 22, 2024

Analysis: Chicago Heights pays $5.52 for every $1 pensioners contribute to Chicago Heights Firefighters Pension Fund

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Taxpayers contributed 84.4 percent of the $2,770,672 the Chicago Heights Firefighters Pension Fund brought in last year, or $5.52 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, Chicago Heights contributed $2,339,408 to the fund, which saw a $552,539 increase in revenue over 2015. Members contributed $423,699, or 15.3 percent, in 2016. Another $7,565 came from other unspecified sources.

Chicago Heights Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$1,867,441$1,852,018$1,256,283$1,580,181$2,339,40825.3%
Pension members$422,426$447,927$474,698$454,557$423,6990.3%
Other Revenue$2,262$298,105-$447,282$183,395$7,565234.4%
Total$2,292,129$2,598,050$1,283,699$2,218,133$2,770,67220.9%

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