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South Cook News

Monday, December 23, 2024

Analysis: South Holland pays $3.18 for every $1 pensioners contribute to South Holland Firefighters' Pension Fund

Budget 07

Taxpayers contributed 75.7 percent of the $800,394 the South Holland Firefighters' Pension Fund brought in 2018, or $3.18 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, South Holland contributed $606,032 to the fund, which saw a $125,831 increase in revenue over 2017. Members contributed $189,991, or 23.7 percent, in 2018. Another $4,371 came from other unspecified sources.

South Holland Firefighters' Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$454,061$452,297$489,984$485,846$606,03233.5%
Pension members$173,033$170,122$191,032$184,909$189,9919.8%
Other Revenue-$9,679-$541-$11,707$3,808$4,371145.2%
Total$617,415$621,878$669,309$674,563$800,39429.6%

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