Analysis: Park Forest pays $5.55 for every $1 pensioners contribute to Park Forest Firefighters Pension Fund

By South Cook News

Sep 1, 2020

Taxpayers contributed 84.7 percent of the $1,370,846 the Park Forest Firefighters Pension Fund brought in 2018, or $5.55 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, Park Forest contributed $1,161,692 to the fund, which saw a $73,540 increase in revenue over 2017. Members contributed $209,154, or 15.3 percent, in 2018.

Park Forest Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$718,145	$851,806	$928,036	$1,092,244	$1,161,692	61.8%
Pension members	$189,426	$195,505	$201,078	$205,062	$209,154	10.4%
Other Revenue	$0	$0	$0	$0	$0	-
Total	$907,571	$1,047,311	$1,129,114	$1,297,306	$1,370,846	51%