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South Cook News

Friday, November 22, 2024

Analysis: Homewood pays $3.37 for every $1 pensioners contribute to Homewood Firefighters Pension Fund

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Taxpayers contributed 76.9 percent of the $699,175 the Homewood Firefighters Pension Fund brought in 2018, or $3.37 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, Homewood contributed $537,675 to the fund, which saw a $16,944 decrease in revenue over 2017. Members contributed $159,466, or 22.8 percent, in 2018. Another $2,034 came from other unspecified sources.

Homewood Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$332,929$297,928$468,660$553,240$537,67561.5%
Pension members$150,244$154,338$158,302$160,869$159,4666.1%
Other Revenue$3,119-$2,173-$203$2,010$2,034-34.8%
Total$486,292$450,093$626,759$716,119$699,17543.8%

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