Analysis: Palos Hills pays $1.97 for every $1 pensioners contribute to North Palos FPD Firefighters Pension Fund

By South Cook News

Aug 18, 2020

Taxpayers contributed 66.5 percent of the $1,026,854 the North Palos FPD Firefighters Pension Fund brought in 2018, or $1.97 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, Palos Hills contributed $683,228 to the fund, which saw a $103,174 increase in revenue over 2017. Members contributed $345,126, or 33.6 percent, in 2018.

North Palos FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$528,580	$578,109	$676,042	$654,942	$683,228	29.3%
Pension members	$364,829	$302,103	$299,999	$302,221	$345,126	-5.4%
Other Revenue	$432	$0	$0	-$33,483	-$1,500	-447.2%
Total	$893,841	$880,212	$976,041	$923,680	$1,026,854	14.9%