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South Cook News

Friday, November 22, 2024

Analysis: Midlothian pays $4.47 for every $1 pensioners contribute to Midlothian Firefighters Pension Fund

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Taxpayers contributed 81.8 percent of the $799,309 the Midlothian Firefighters Pension Fund brought in 2018, or $4.47 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, Midlothian contributed $653,927 to the fund, which saw a $545,244 increase in revenue over 2017. Members contributed $146,117, or 18.3 percent, in 2018.

Midlothian Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$391,725$263,263$357,591$144,854$653,92766.9%
Pension members$98,108$104,906$107,917$110,936$146,11748.9%
Other Revenue$6,024$244$1,542-$1,725-$735-112.2%
Total$495,857$368,413$467,050$254,065$799,30961.2%

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