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South Cook News

Tuesday, November 5, 2024

Analysis: Chicago Ridge pays $4.58 for every $1 pensioners contribute to Chicago Ridge Firefighters Pension Fund

Budget 04

Taxpayers contributed 82.1 percent of the $1,006,248 the Chicago Ridge Firefighters Pension Fund brought in 2018, or $4.58 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, Chicago Ridge contributed $825,959 to the fund, which saw a $112,731 increase in revenue over 2017. Members contributed $180,315, or 17.9 percent, in 2018.

Chicago Ridge Firefighters Pension Fund revenue over 5 years
20142015201620172018Change 2014-2018
Municipality$618,952$628,409$673,411$785,988$825,95933.4%
Pension members$119,105$136,342$101,544$107,711$180,31551.4%
Other Revenue-$177-$116$8,516-$182-$2685.3%
Total$737,880$764,635$783,471$893,517$1,006,24836.4%

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