Analysis: Lemont pays $3.11 for every $1 pensioners contribute to Lemont FPD Firefighters Pension Fund

By South Cook News

Aug 9, 2020

Taxpayers contributed 75.1 percent of the $2,024,766 the Lemont FPD Firefighters Pension Fund brought in 2018, or $3.11 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, Lemont contributed $1,521,077 to the fund, which saw a $107,400 increase in revenue over 2017. Members contributed $488,725, or 24.1 percent, in 2018. Another $14,964 came from other unspecified sources.

Lemont FPD Firefighters Pension Fund revenue over 5 years

	2014	2015	2016	2017	2018	Change 2014-2018
Municipality	$1,281,717	$1,514,889	$1,570,559	$1,381,399	$1,521,077	18.7%
Pension members	$456,826	$463,195	$466,230	$527,522	$488,725	7%
Other Revenue	$9,979	$3,972	$7,001	$8,445	$14,964	50%
Total	$1,748,522	$1,982,056	$2,043,790	$1,917,366	$2,024,766	15.8%