Analysis: Palos Hills pays $2.25 for every $1 pensioners contribute to North Palos Fpd Firefighters Pension Fund

By Local Labs News Service

May 30, 2018

Taxpayers contributed 69.3 percent of the $976,041 the North Palos Fpd Firefighters Pension Fund brought in last year, or $2.25 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, Palos Hills contributed $676,042 to the fund, which saw a $95,829 increase in revenue over 2015. Members contributed $299,999, or 30.7 percent, in 2016.

North Palos Fpd Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$313,168	$523,766	$528,580	$578,109	$676,042	115.9%
Pension members	$272,934	$244,100	$364,829	$302,103	$299,999	9.9%
Other Revenue	$0	$0	$432	$0	$0	-
Total	$586,102	$767,866	$893,841	$880,212	$976,041	66.5%