Analysis: Oak Lawn pays $6.23 for every $1 pensioners contribute to Oak Lawn Firefighters Pension Fund

By South Cook News

Aug 21, 2020

Taxpayers contributed 85.6 percent of the $4,524,931 the Oak Lawn Firefighters Pension Fund brought in 2018, or $6.23 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, Oak Lawn contributed $3,875,080 to the fund, which saw a $394,617 increase in revenue over 2017. Members contributed $621,308, or 13.7 percent, in 2018. Another $28,543 came from other unspecified sources.

Oak Lawn Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,713,395	$2,457,525	$2,946,666	$3,439,832	$3,875,080	126.2%
Pension members	$742,254	$739,439	$710,370	$690,040	$621,308	-16.3%
Other Revenue	$21,587	$1,313	$13,295	$442	$28,543	32.2%
Total	$2,477,236	$3,198,277	$3,670,331	$4,130,314	$4,524,931	82.7%