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South Cook News

Friday, November 22, 2024

Analysis: Glenwood pays $7.04 for every $1 pensioners contribute to Glenwood Firefighters Pension Fund

Budget 07

Taxpayers contributed 85.6 percent of the $200,715 the Glenwood Firefighters Pension Fund brought in 2018, or $7.04 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, Glenwood contributed $171,724 to the fund, which saw a $6,837 increase in revenue over 2017. Members contributed $24,366, or 12.1 percent, in 2018. Another $4,625 came from other unspecified sources.

Glenwood Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$73,995$86,579$76,342$168,468$171,724132.1%
Pension members$24,649$20,195$24,009$24,378$24,366-1.1%
Other Revenue-$1,500$1,427-$137$1,032$4,625408.3%
Total$97,144$108,201$100,214$193,878$200,715106.6%

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