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South Cook News

Friday, November 22, 2024

Analysis: Chicago Ridge pays $6.63 for every $1 pensioners contribute to Chicago Ridge Firefighters Pension Fund

Budget04

Taxpayers contributed 86 percent of the $783,471 the Chicago Ridge Firefighters Pension Fund brought in last year, or $6.63 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 Ridge contributed $673,411 to the fund, which saw a $18,836 increase in revenue over 2015. Members contributed $101,544, or 13 percent, in 2016. Another $8,516 came from other unspecified sources.

Chicago Ridge Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$535,212$563,305$618,952$628,409$673,41125.8%
Pension members$149,421$128,356$119,105$136,342$101,544-32%
Other Revenue-$1,368-$460-$177-$116$8,516722.5%
Total$683,265$691,201$737,880$764,635$783,47114.7%

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