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South Cook News

Tuesday, November 5, 2024

Analysis: Markham pays $4.97 for every $1 pensioners contribute to Markham Firefighters Pension Fund

Budget 11

Taxpayers contributed 83.3 percent of the $727,269 the Markham Firefighters Pension Fund brought in 2018, or $4.97 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, Markham contributed $605,581 to the fund, which saw a $107,819 decrease in revenue over 2017. Members contributed $121,688, or 16.7 percent, in 2018.

Markham Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$239,493$422,093$378,155$697,575$605,581152.9%
Pension members$117,026$101,507$111,668$137,513$121,6884%
Other Revenue$5,698$114$2,427$0$0-100%
Total$362,217$523,714$492,250$835,088$727,269100.8%

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