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South Cook News

Friday, November 22, 2024

Analysis: Midlothian pays $3.31 for every $1 pensioners contribute to Midlothian Firefighters Pension Fund

Budget 07

Taxpayers contributed 76.6 percent of the $467,050 the Midlothian Firefighters Pension Fund brought in last year, or $3.31 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, Midlothian contributed $357,591 to the fund, which saw a $98,637 increase in revenue over 2015. Members contributed $107,917, or 23.1 percent, in 2016. Another $1,542 came from other unspecified sources.

Midlothian Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$287,133$293,901$391,725$263,263$357,59124.5%
Pension members$93,969$104,450$98,108$104,906$107,91714.8%
Other Revenue$2-$334$6,024$244$1,54277000%
Total$381,104$398,017$495,857$368,413$467,05022.6%

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