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South Cook News

Friday, November 22, 2024

Analysis: Glenwood pays $3.17 for every $1 pensioners contribute to Glenwood Firefighters Pension Fund

Budget 03

Taxpayers contributed 76.2 percent of the $100,214 the Glenwood Firefighters Pension Fund brought in last year, or $3.17 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, Glenwood contributed $76,342 to the fund, which saw a $7,987 decrease in revenue over 2015. Members contributed $24,009, or 24 percent, in 2016.

Glenwood Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$99,924$99,817$73,995$86,579$76,342-23.6%
Pension members$30,452$28,225$24,649$20,195$24,009-21.2%
Other Revenue$985$422-$1,500$1,427-$137-113.9%
Total$131,361$128,464$97,144$108,201$100,214-23.7%

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