Analysis: Riverdale pays $1.48 for every $1 pensioners contribute to Riverdale Firefighters Pension Fund

By Local Labs News Service

Jun 6, 2018

Taxpayers contributed 59.5 percent of the $271,984 the Riverdale Firefighters Pension Fund brought in last year, or $1.48 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, Riverdale contributed $161,962 to the fund, which saw a $34,829 decrease in revenue over 2015. Members contributed $108,941, or 40.1 percent, in 2016. Another $1,081 came from other unspecified sources.

Riverdale Firefighters Pension Fund revenue over 5 years

	2012	2013	2014	2015	2016	Change 2012-2016
Municipality	$23,047	$310,866	$251,712	$216,599	$161,962	602.7%
Pension members	$111,247	$77,778	$112,658	$110,679	$108,941	-2.1%
Other Revenue	$473	$88,391	-$226,445	-$20,465	$1,081	128.5%
Total	$134,767	$477,035	$137,925	$306,813	$271,984	101.8%