Analysis: Oak Lawn pays $4.14 for every $1 pensioners contribute to Oak Lawn Firefighters Pension Fund

By Local Labs News Service

May 31, 2018

Taxpayers contributed 80.3 percent of the $3,670,331 the Oak Lawn Firefighters Pension Fund brought in last year, or $4.14 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 Lawn contributed $2,946,666 to the fund, which saw a $472,054 increase in revenue over 2015. Members contributed $710,370, or 19.4 percent, in 2016. Another $13,295 came from other unspecified sources.

Oak Lawn Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$992,584	$1,196,975	$1,713,395	$2,457,525	$2,946,666	196.9%
Pension members	$730,017	$694,051	$742,254	$739,439	$710,370	-2.7%
Other Revenue	-$321,278	$5,466	$21,587	$1,313	$13,295	104.1%
Total	$1,401,323	$1,896,492	$2,477,236	$3,198,277	$3,670,331	161.9%