Quantcast

South Cook News

Friday, November 22, 2024

Analysis: Oak Forest pays $4.06 for every $1 pensioners contribute to Oak Forest Firefighters Pension Fund

Shutterstock 437118295

Taxpayers contributed 79.7 percent of the $1,079,359 the Oak Forest Firefighters Pension Fund brought in 2018, or $4.06 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 Forest contributed $859,887 to the fund, which saw a $111,083 decrease in revenue over 2017. Members contributed $211,551, or 19.6 percent, in 2018. Another $7,921 came from other unspecified sources.

Oak Forest Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$763,968$877,653$902,556$970,718$859,88712.6%
Pension members$192,203$201,480$199,283$224,547$211,55110.1%
Other Revenue$8,801$3,917$8,184-$4,823$7,921-10%
Total$964,972$1,083,050$1,110,023$1,190,442$1,079,35911.9%

MORE NEWS