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South Cook News

Friday, November 22, 2024

Analysis: Oak Forest pays $4.52 for every $1 pensioners contribute to Oak Forest Firefighters Pension Fund

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Taxpayers contributed 81.3 percent of the $1,110,023 the Oak Forest Firefighters Pension Fund brought in last year, or $4.52 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, Oak Forest contributed $902,556 to the fund, which saw a $26,973 increase in revenue over 2015. Members contributed $199,283, or 18 percent, in 2016. Another $8,184 came from other unspecified sources.

Oak Forest Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$740,577$745,869$763,968$877,653$902,55621.9%
Pension members$186,866$188,536$192,203$201,480$199,2836.6%
Other Revenue$10-$2,529$8,801$3,917$8,18481740%
Total$927,453$931,876$964,972$1,083,050$1,110,02319.7%

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