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South Cook News

Saturday, November 23, 2024

Analysis: Worth pays $5.65 for every $1 pensioners contribute to Worth Firefighters Pension Fund

Budget 01

Taxpayers contributed 84.7 percent of the $204,823 the Worth Firefighters Pension Fund brought in last year, or $5.65 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, Worth contributed $173,487 to the fund, which saw a $200,811 increase in revenue over 2015. Members contributed $30,680, or 15 percent, in 2016. Another $656 came from other unspecified sources.

Worth Firefighters Pension Fund revenue over 5 years
20122013201420152016Change 2012-2016
Municipality$8,131$178,036$1,367$5,901$173,4872033.6%
Pension members$0$22,692$0$0$30,680-
Other Revenue$50$2,100-$42-$1,889$6561212%
Total$8,181$202,828$1,325$4,012$204,8232403.6%

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