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South Cook News

Friday, November 22, 2024

Analysis: Markham pays $3.38 for every $1 pensioners contribute to Markham Firefighters Pension Fund

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Taxpayers contributed 76.8 percent of the $492,250 the Markham Firefighters Pension Fund brought in last year, or $3.38 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, Markham contributed $378,155 to the fund, which saw a $31,464 decrease in revenue over 2015. Members contributed $111,668, or 22.7 percent, in 2016. Another $2,427 came from other unspecified sources.

Markham Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$21,780$474,108$239,493$422,093$378,1551636.2%
Pension members$122,289$116,360$117,026$101,507$111,668-8.7%
Other Revenue$0$0$5,698$114$2,427-
Total$144,069$590,468$362,217$523,714$492,250241.7%

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