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South Cook News

Tuesday, November 5, 2024

Analysis: Lansing pays $6.62 for every $1 pensioners contribute to Lansing Firefighters Pension Fund

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Taxpayers contributed 86.5 percent of the $1,845,640 the Lansing Firefighters Pension Fund brought in 2018, or $6.62 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, Lansing contributed $1,596,662 to the fund, which saw a $468,659 increase in revenue over 2017. Members contributed $240,825, or 13 percent, in 2018. Another $8,153 came from other unspecified sources.

Lansing Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$731,932$893,065$1,012,630$1,152,147$1,596,662118.1%
Pension members$212,526$207,627$218,944$221,507$240,82513.3%
Other Revenue$4,082$24,616-$5,603$3,327$8,15399.7%
Total$948,540$1,125,308$1,225,971$1,376,981$1,845,64094.6%

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