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South Cook News

Friday, November 22, 2024

Analysis: Harvey pays $6.29 for every $1 pensioners contribute to Harvey Firefighters Pension Fund

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Taxpayers contributed 86.3 percent of the $2,036,266 the Harvey Firefighters Pension Fund brought in 2018, or $6.29 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, Harvey contributed $1,756,758 to the fund, which saw a $92,413 decrease in revenue over 2017. Members contributed $279,256, or 13.7 percent, in 2018. Another $252 came from other unspecified sources.

Harvey Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$204,960$720,764$398,566$1,849,026$1,756,758757.1%
Pension members$303,932$343,183$325,795$281,895$279,256-8.1%
Other Revenue-$10,471-$1,310-$3,641-$2,242$252102.4%
Total$498,421$1,062,637$720,720$2,128,679$2,036,266308.5%

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