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South Cook News

Friday, November 22, 2024

Analysis: Riverdale pays $1.35 for every $1 pensioners contribute to Riverdale Firefighters Pension Fund

Budget 03

Taxpayers contributed 57 percent of the $243,653 the Riverdale Firefighters Pension Fund brought in 2018, or $1.35 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 $138,868 to the fund, which saw a $3,246 decrease in revenue over 2017. Members contributed $102,857, or 42.2 percent, in 2018. Another $1,928 came from other unspecified sources.

Riverdale Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$251,712$216,599$161,962$146,451$138,868-44.8%
Pension members$112,658$110,679$108,941$100,230$102,857-8.7%
Other Revenue-$226,445-$20,465$1,081$218$1,928100.9%
Total$137,925$306,813$271,984$246,899$243,65376.7%

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