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South Cook News

Friday, November 22, 2024

Analysis: Dolton pays $3 for every $1 pensioners contribute to Dolton Firefighters Pension Fund

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Taxpayers contributed 75.8 percent of the $602,508 the Dolton Firefighters Pension Fund brought in 2018, or $3 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, Dolton contributed $456,912 to the fund, which saw a $81,569 decrease in revenue over 2017. Members contributed $151,907, or 25.2 percent, in 2018.

Dolton Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$479,277$455,180$499,389$485,543$456,912-4.7%
Pension members$146,777$126,553$151,144$198,450$151,9073.5%
Other Revenue$6,163-$2,543$2,882$84-$6,311-202.4%
Total$632,217$579,190$653,415$684,077$602,508-4.7%

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